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J. Peter & Associates, LLC
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  • Home
  • Get a Quote
    • Commercial Quotes >
      • Business Insurance Quote
      • Business Owners Package (BOP) Insurance Quote
      • Insurance Bond Quote
      • Workers Compensation Quote
      • Event Insurance Quote
      • Cyber Liability Quote
    • Personal Quotes >
      • Auto Insurance Quote
      • Home Insurance Quote
      • Life Insurance Quote
  • Commercial Insurance
    • Business Insurance
    • Business Owners Package (BOP) Insurance
    • Insurance Bonds
    • Workers Compensation
    • Event Insurance
    • Cyber Liability Insurance
  • Personal Lines
    • Auto Insurance
    • Home Insurance
    • Life Insurance
  • About
    • About Us
    • Refer a Friend
    • Insurance Carriers
    • Careers
    • Privacy
  • Contact


Insurance 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 Insurance Bond?

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 Insurance Bond 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.
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Licensed in Delaware, Maryland, Pennsylvania, District of Columbia, Virginia, and Florida

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J. Peter & Associates, LLC
2055 Limestone Rd #200D
Wilmington, DE 19808
(866) 949-1930​
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