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Surety Bonds

If you need an insurance bond to bid on or get hired for a new job call us. We're insurance bond experts and we'll get it taken care of you... Fast!

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What is an Surety Bonds?

An insurance bond ensures contract completion in the event of contractor default and are typically required by project owners when seeking a contractor to fulfill a contract. 

The contractor obtains a bond so the insurance company is obligated to compensate the project owner for the financial loss incurred if the work is not completed. ​

Typical Surety Bonds Types

Although there are many types of insurance bonds, the four most common types needed by business owners are:
  • Bid Bond - Ensures the bidder on a contract will enter into the contract and furnish the required payment and performance bonds if awarded the contract.
  • Payment Bond - Ensures suppliers and subcontractors are paid for work performed under the contract.
  • Performance Bond - Ensures the contract will be completed in accordance with the terms and conditions of the contract.
  • Ancillary Bond - Ensures requirements integral to the contract, but not directly performance related, are performed.


Contact us to learn more about the right insurance bond for you.
(619) 600-5550
810 Jamacha Rd Ste 103
El Cajon, CA 92019
Click Here to Email Us
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Koda Insurance Services
CA License #: 0G58336
810 Jamacha Rd Ste 103
El Cajon, CA 92019
(619) 600-5550
Click Here to Email Us

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Aerial - El Cajon, CA and towns to the north and east 01 photo by Joe Mabel | CC-BY-3.0 | Website by InsuranceSplash