Veeser/Wery Insurance Agency
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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.
(906) 786-4757
114 N 25th St
Escanaba, MI 49829
Click Here to Email Us

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Veeser/Wery Insurance Agency
114 N 25th St
Escanaba, MI 49829
(906) 786-4757
Click Here to Email Us

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Website by InsuranceSplash
  • Home
  • Quotes
    • Home
    • Auto
    • Life
    • Health
    • Medicare Supplement
    • Business
    • Other
  • Service
    • Report a Claim
    • Make a Payment
    • Update Contact Info
    • Policy Changes
    • Proof of Insurance
    • Policy Review
    • Certificate Request
  • Insurance
    • Personal >
      • Life/Financial >
        • Life Insurance
        • Annuities
        • Disability Insurance
        • Final Expense Insurance
        • Umbrella Insurance
      • Vehicles >
        • Auto Insurance
        • Auto Insurance Reform
        • MCCA & MACP Fees
        • What is Mini-Tort?
        • ATV Insurance
        • Boat Insurance
        • Classic Car Insurance
        • Motorcycle Insurance
        • Roadside Assistance
        • RV Insurance
      • Property >
        • Home Insurance
        • Lake Estate Insurance
        • Country Estate Insurance
        • Earthquake Insurance
        • Flood Insurance
        • Landlords Insurance
        • Renters Insurance
      • Health >
        • Health Insurance
        • Critical Illness Insurance
        • Dental Insurance
        • Long Term Care Insurance
        • Medicare Advantage Plans
        • Medicare Supplement Coverage
        • Vision Insurance
      • Other >
        • Event Insurance
        • Travel Insurance
        • Wedding Insurance
    • Business >
      • Business Insurance
      • Farm Owners Insurance
      • Key Man Insurance
      • Logging Insurance
      • Business Owners Package (BOP) Insurance
      • Group Benefits
      • Insurance Bonds
      • Workers Compensation
  • About
    • Staff Directory
    • Refer a Friend
    • Insurance Carriers
    • Agency Photo Gallery
    • Blog
    • News
  • Contact