Bonds

If you need a bond to bid on or get hired for a new job call us. We're bond experts and we'll get it taken care of you... Fast!

What is a Bid Bond, Performance Bond, Utility Bond

An insurance bonds ensures contract completion in the event that a contractor defaults and are typically required by project owners when seeking a contractor to perform their service.  

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.  Bonds are credit based. A Risk Advisor at Arena Insurance Brokers, Inc.  can assist you in obtaining they type of bond you need regardless on credit.  Call a Risk Advisor at 913-363-1300.​

Typical 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 bond if awarded a 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 within the terms and conditions of the contract.
  • Ancillary Bond - Ensures requirements integral to the contract, but not directly performance related, are performed.
  • Utility Bond - Used to guarantee payment to a utility company if a business does not pay their bill. 
  • Quick Bid Bond Quotes - Quick Payment Bond Quotes - Quick Performance  Bond Quotes - Quick Ancillary Bond Quotes - Quick Utility Bond Quotes - Quick Bad Credit Bonds Quotes



Contact us to learn more about the right insurance bond for you.
(913) 363-1300
Westwood Office:
4705 Mission Road
Westwood, KS 66205​

Overland Park Office:
8011 College Blvd.,
Suite 100
Overland Park, KS 66210​​
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