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Bonds


Bonds Information

Protect and Grow Your Business - Get Bonded!

Des Moines and Davenport, Iowa, Moline, Illinois, Minneapolis Minnesota, Fargo North Dakota, and St. Louis, Missouri


What is bond insurance?

An issuer of a bond can purchase bond insurance to guarantee scheduled payments of interest and principal on the bond to its bondholders in case the issuer defaults. Once the issuer purchases bond insurance, its credit rating is replaced with the insurer’s credit rating. Premiums are a measure of the perceived risk of failure of the issuer and are paid to the insurer in either lump sums or installments.

What are the benefits of being bonded?

Being bonded gives issuers the ability to leverage business growth. With the increased stature of having the insurer’s credit rating, a business can feel safer in taking risks to improve and grow the business. This is especially true in the construction and financial industries.

A bonded business can obtain unbiased criticism from a credit professional and seek advice in underwriting projects.

Some bonds we handle include, but are not limited to, the following:

  • Contract performance bonds
  • Bid bonds
  • Maintenance bonds
  • Payment bonds
  • Supply bonds
  • License and permit bonds
  • Miscellaneous bonds

Get started today!

Thank you for your interest in Midwest Financial Group. Our group of professionals can answer any questions you have about bond insurance. If you would like to speak to an insurance professional please feel free to call 516-639-3700 or email your questions and an insurance agent will reply promptly.

   

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5550 Wild Rose Lane, Suite 100 | West Des Moines, IA 50266 | Phone: 515.639.3700

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