Bonds

Miller Loughry Beach specializes in all types of miscellaneous and commercial surety including, but not limited to, Fidelity, Contract, License & Permit, Utility Deposit, Notary, and other miscellaneous bonds.

Miscellaneous Surety Bonds are those that do not clearly fall within the scope of Public Official, Fiduciary, Court or License and Permit Bonds. Some of these bonds are required by law and must be conditioned as provided by statute, ordinance, or regulation. Others are required by law having conditions discretionary with approving authorities. Others may be bonds or undertakings between private parties and are used to facilitate business transactions with conditions prescribed by or acceptable to the obligee.

License and Permit Bonds are surety bonds that are required before granting a license and permit for engaging in a particular business or exercising a specific privilege. The License and Permit bond applies to certain serious obligations entailed on those seeking licenses or permits.

A Fidelity Bond is the same as Crime Insurance which provides first party coverage or in other words, coverage for the business-owner. This coverage would be ideal for any business that has at least one employee or many employees.

A Contract Bond is subject to the terms of the bond and guarantees the faithful performance of a construction contract and usually the payment of all labor and material bills related to it.

Miller Loughry Beach’s insurance advisors can help you manage risks and ensure that there are no unexpected gaps in your coverage. Contact one of our advisors:

Jeff Adrian, 895-2820    
Hank Coppedge, 895-2820    
Tim Morrell, 494-4525