What is a bond, and why do I need one?
In many cases, a bond may be required by the obligee in order for you to do business with him. The real question is, why is the obligee requiring the bond of you? Commercial bonds are purchased not to cover purchasers of bonds, but to protect those with whom they do business with. Contract bonds are in place to guarantee the work will be completed per the terms of the contract. Court bonds are required for a variety of different reasons. For instance, appeal bonds are required to ensure the defendant will not flee if found guilty.
There are numerous reasons why bonds are required .
If you have any questions regarding a specific bond type, please call a Stewart bond representative at (866) 845-4676.
Why should I use Stewart for my bond needs?
Bonds are different than insurance. You need a bond agent who knows the industry well, understands the different bond products available and can help you choose the right bond and bond carrier for you and your business. Because Stewart represents a wide variety of carriers, we can help you find the right bond at the right price for your business or project.
Stewart has been in business for 113 years, so you can be sure that we will continue to be here for all of your insurance needs, whether title, property & casualty, E&O or bonds. We have built a reputation on our service and now offer additional products to meet your needs.
What types of bonds does Stewart offer?
Stewart has relationships with many highly rated underwriters, including St. Paul/Traveler's, Nationwide, The Hartford, Arch Insurance Group and many others which allow us to offer a wide variety of bonds.
Whether you are a title agent needing an agency, mechanic's lien or notary bond, or a real estate developer who needs a completion or tax bond, Stewart has the flexibility to serve your bond needs. A summary of some of the bonds we offer to specific customers is below.
What type of bond applies to me?
Stewart provides a variety of bonds to meet different business needs. The chart below outlines which types of bonds apply to different businesses.
| Type of Bond | Title Underwriter or Agent | Real Estate Attorney | Lender or Broker | Developer or Builder |
| Surety | ||||
| Mechanic's Lien | ||||
| Lis Pendens | ||||
| Appeals | ||||
| Title Agent | ||||
| Notary | ||||
| UCC | ||||
| Mortgage Lender | ||||
| Completion | ||||
| Tax | ||||
| Environmental | ||||
| BID |
Which bond carriers does Stewart use?
Arch Insurance Group
Allied
CNA Surety
Hartford
Insco/Dico Group
Safeco
Travelers Casualty & Surety Company of America
How long does it take to get a bond?
Depending on the type and size of the bond, it can typically be issued in one to four weeks.
How do I order a bond?
To order a bond, call (866) 845-4676 to speak with a bond desk representative.
What is the payment process?
Once your bond has been approved and issued, Stewart will send you an invoice with "due upon receipt" payment terms.