Our friendly, responsive agents are available to answer your questions and address your concerns, allowing you to focus on growing your business. We can issue a variety of bonds, including bid bonds, payment and performance bonds, and surety bonds to name a few. Contact your agent about bond issuance today.
Bonds Ensure Growth
At The Hoffman Agency, our focus is on the trusted relationships we’ve built with both customers and surety companies, rather than on selling bonds. What does this mean for you? It means you’re working with an agency that has done the hard work for you. We have spent many years and countless resources educating ourselves on bonds and will put our expert knowledge to work for you. At The Hoffman Agency, we consider ourselves your partner. Therefore, we have your best interests at heart. We will work closely with you to determine your bond needs, and remain in close contact with you, monitoring changes in your business.
What are Bonds?
Every customer wants to do business with a company they can trust; one who delivers on its promises. A business can offer clients peace of mind by becoming bonded. A wide variety of businesses are bonded, such as construction companies and plumbing companies, and many are required by the state of Iowa to be so.
Essentially, a bond is a third-party guarantee promising to pay if a vendor does not fulfill its contractual obligations. Bonds come in many types, but each is a financial guarantee that the bonded company will suitably fulfill the work as stated in the contract.
What are the benefits of being bonded?
As stated, customers want their work done as agreed upon. Being bonded sends a message that you are serious about your work and have their satisfaction in mind. Also, you have a powerful tool to leverage business growth when your business is bonded. With the insurer’s credit rating to bolster your standing, you can better manage the risks involved in improving and growing your company.
For more info on bid bonds, payment and performance bonds, surety bonds and more, contact the trusted professionals at The Hoffman Agency today. From our eleven locations, we have been partnering with businesses across Western Iowa for more than 50 years.
Hoffman is an independent insurance agency. Hoffman Agents stand out through our superior personal service and exceptional insurance products. We are more than happy to schedule a visit at your convenience. For more info, please fill out the form below.
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