Bonds are a great way to leverage business growth and earn the trust of stakeholders. If you’re issuing a bond, it’s important to make sure you’re covered in the event that bond is defaulted on. Some form of financial guaranty insurance is safe, affordable and smart! At Pan American Insurance, Inc., we understand this better than anyone, which is why we take the steps to provide bond issuers with bond insurance policies that protect them in the event of default.
Bond Insurance Explained
Bond insurance in San Antonio, TX is simply another layer of reliability and protection purchased on top of a bond agreement. When you purchase bond insurance, the insurance provider becomes responsible for payments to interest and principle if the bondholder defaults. Upon purchasing bond insurance, the insurance company’s credit rating replaces the original bondholder’s rating, lowering the overall risk of default or failure to pay.
Bonds We Insure
More than just general insurance for surety bonds in San Antonio, TX, we offer coverage for all different types of bond agreements. Some of the bonds we insure include:
- Bid bonds
- Contract performance bonds
- License and permit bonds
- Maintenance bonds
- Miscellaneous bonds
- Payment bonds
- Supply bonds
No matter the nature of the bond you’re issuing, it deserves to be protected against default. At Pan American Insurance, Inc., we’re familiar with all types of bonds and all types of lending situations, making us uniquely equipped to provide policies and terms for bond insurance agreements.
Get Bond Insurance
Looking for a company that handles bond insurance? Give us a call and we’ll work with you to make sure your bond is covered in the event of default, so you have options for recouping that amount. Reach us today at 210-979-7777 for more information about our bond insurance policies and how you can protect yourself in the event of default.