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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
​Idaho - Oregon - Washington

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NorthWest Benefits Solutions
Portland, OR 97223
(888) 780-7762

Website by InsuranceSplash
  • Home
  • Individual & Families
    • Health Insurance Overview
    • Individual Health Insurance
    • The Federal Health Marketplace
    • Alternative Health Plans
    • Supplemental insurance
    • Critical Illness Insurance
    • Indemnity Plans
    • Dental Insurance
    • Short Term
    • Telemedicine
    • Travel Insurance
  • Senior Insurance
  • Medicare
  • Life Insurance
    • Life Insurance
    • Disability Insurance
    • Final Expense Insurance
  • Small Business
    • Small Busines
    • Group Benefits
  • Resources
    • Our Agency
    • Free Consultation
    • Insurance Carriers
    • Local Links
    • Privacy Policy