Surety Bonds
Professional surety bonds that protect your property and cover guest-related incidents, providing the peace of mind you need to confidently operate your business while knowing you're secured against potential claims.
We deliver specialized bond solutions by mastering your industry's complex compliance requirements.
With over 30 years of specialized experience in surety bonds and risk management, our expert advisors bring comprehensive understanding of contractual obligations and performance requirements to every client engagement. We work closely with you to develop tailored bond solutions that address project completion risks, payment guarantees, and regulatory compliance while anticipating industry-specific challenges. Our commitment to ongoing support ensures your business maintains strong bonding capacity as your project portfolio and operational scope expand.
Our licensed surety specialists provide bonding solutions for contractors, manufacturers, and service providers of all sizes. Through ongoing analysis of contract requirements, state licensing regulations, and performance benchmarks, we anticipate and address emerging industry exposures. This expertise enables us to deliver comprehensive bond protection against contract default, payment disputes, and regulatory compliance violations.
We go beyond basic bonding requirements to deliver comprehensive surety solutions tailored to your industry's demands. Our coverage spans from performance and payment bonds to license and commercial bonds, ensuring your business operations maintain complete protection without any contractual vulnerabilities.
Hear from our customers
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Have been a client for almost 7 years. Kristina catches the phone on the first ring, makes me feel like I am the most important call of her day and always goes the extra mile to meet my needs or solve my problem. She is a keeper!!! She makes TWFG Khan Insurance Services better!!!!
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My Company CDS Protective Services LLC was in need of insurance and I was so frustrated that other companies had not getting back with me. I called Kristina on a late afternoon and had it all taken care of by the next morning. Kristina was knowledgeable and explained everything to me on the phone.
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Our company was in need of insurance and we were frustrated through other companies not getting back with us. I called Sameer on a late afternoon and had it all taken care of by 11:00 the next morning. He was knowledgeable and explained everything on the phone.
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TWFG Khan Insurance Services assisted our small family owned trucking company with commercial insurance in our first year of business. They were able to get us with the best company that would provide us a policy with the lowest rate. Not only that but their staff provides the most exceptional service, especially Chandler Bennett.
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Comprehensive professional protection, tailored to your industry's unique risks and compliance needs.
• Performance guarantee protectioncovers completion of construction projects, infrastructure developments, and service contracts according to specified timelines and quality standards.
• Payment protection assuranceensures subcontractors, suppliers, and laborers receive compensation for work performed on construction and development projects as agreed.
• Bid bond coverageguarantees contractors will honor their submitted proposals, sign contracts, and provide required performance and payment bonds if selected.
• Contract compliance securityprotects against contractor default, project abandonment, and failure to meet contractual obligations on government and private projects.
• License and permit protectionensures businesses comply with regulatory requirements, professional standards, and local ordinances across multiple operating jurisdictions.
• Financial guarantee coverageprotects against losses from employee dishonesty, theft of client assets, and mishandling of financial transactions.
• Court bond protectioncovers judicial proceedings, estate administration, and fiduciary responsibilities including conservator and guardian obligations.
• Public official coverageguarantees faithful performance of duties, proper handling of public funds, and compliance with governmental regulations.
• Employee theft protectioncovers losses from dishonest acts, including embezzlement, forgery, and unauthorized transfer of company assets or funds.
• ERISA compliance coveragesafeguards employee benefit plans against fraudulent activities, mismanagement of funds, and improper benefit distributions.
• Computer crime securityprotects against electronic theft, unauthorized system access, and fraudulent transfer of funds through digital channels.
• Business services protectioncovers third-party losses from employee dishonesty while performing services at client locations or handling client assets.
• Workmanship guarantee coverageensures construction quality, material standards, and repair obligations for specified periods after project completion.
• Structural defect protectioncovers repairs of building components, foundation issues, and major system failures during the warranty period.
• Installation quality assuranceguarantees proper installation of equipment, systems, and materials according to manufacturer specifications and industry standards.
• Performance period securitycovers maintenance obligations, repair responsibilities, and replacement costs during the specified warranty timeframe.
On average, Surety Bonds cost around $1,000 annually; however, individual premiums vary based on several factors:
Companies with stronger credit ratings and established financial histories typically receive lower premium rates due to reduced default risk exposure.
Larger contract amounts and longer performance periods result in higher premiums, as they represent increased potential liability for surety providers.
Contractors with previous bond claims or project defaults face higher premium rates compared to those with clean performance records.
Specialized construction projects like bridges or tunnels command higher premiums than standard commercial buildings due to increased risk factors.
Companies with longer operational track records and successful project completions generally qualify for more favorable premium rates from sureties.
Frequently Asked Questions
Quick answers to questions you may have. Can’t find what you’re looking for? Contact us here.
Many industries require surety bonds, including construction contractors, auto dealers, mortgage brokers, and licensed professionals. Requirements vary by state and industry type, with specific bond amounts determined by regulatory bodies. Some businesses may need multiple bonds for different aspects of operations. It's crucial to research local requirements and consult with licensing authorities before starting operations. Regular reviews of bonding requirements help ensure continuous compliance with changing regulations.
A surety bond claim can impact both immediate operations and long-term bonding capacity. You're required to reimburse the surety company for any paid claims, and unresolved claims may prevent new bond issuance. Your bond history affects future premium rates and availability. Maintaining detailed documentation, addressing disputes promptly, and implementing strong risk management practices can help prevent claims and preserve bonding relationships.
Surety bond premiums are primarily based on credit score, financial statements, industry experience, and bond amount required. Underwriters also consider business track record, management expertise, and previous bond claims. Strong financials and good credit typically secure lower rates, ranging from 1-15% of bond amount. Regular financial reviews, credit monitoring, and maintaining positive payment history can help optimize premium costs.
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For over a decade, TWFG Khan Insurance Services has been the trusted partner for businesses across Texas and neighboring states. We specialize in complex insurance solutions for maritime, oil & gas, and construction industries where standard coverage isn't enough.
Don't let gaps in coverage put your business at risk. Our team of specialists will work with you to create a comprehensive protection plan that keeps your business secure and compliant.
Join the hundreds of businesses who trust us with their most critical insurance needs.
