NorthWest Benefits Solutions
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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.
(888) 780-7762
6312 SW Capitol Hwy
Portland, OR 97219
Click Here to Email Us
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NorthWest Benefits Solutions

Licensed in
Oregon and Washington
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Contact Us

NorthWest Benefits Solutions
6312 SW Capitol Hwy
Portland, OR 97223
(888) 780-7762
Click Here to Email Us
Website by InsuranceSplash
  • Home
  • Individual & Families
    • Health Insurance
    • Private or Individual Insurance
    • The Federal Health Marketplace (ACA)
    • Metal Gap
    • Critical Illness Insurance
    • Indemnity Plans
    • Dental Insurance
    • Short Term
    • Telemedicine
  • Senior Insurance
    • Senior Health & Life Insurance
    • Medicare Advantage Plans
    • Medicare Supplement Coverage
  • Life Insurance
    • Life Insurance
    • Disability Insurance
    • Final Expense Insurance
  • Small Business
    • Small Busines
    • Business Owners Package (BOP) Insurance
    • Group Benefits
    • Insurance Bonds
    • Workers Compensation
    • Other >
      • Event Insurance
      • Umbrella Insurance
      • Travel Insurance
  • Resources
    • Our Agency >
      • Insurance Carriers
      • Refer a Friend
      • Reviews
    • Blog
    • Videos
    • Local Links
    • Free Consultation
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