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Southwest Insurance Brokers

All Forms of Insurance Since 1946

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Surety Bonding

At Southwest Insurance Brokers, we are contracted with most of the preferred surety markets and are well experienced in providing all types of bonds.

  • Bid Bonds
  • Performance Bonds
  • License Bonds
  • Lost Instrument Bonds
  • Notary Bonds

Bonds – A surety bond is a contract among at least three parties:

  1. The principal (aka obligo) – the primary party who will be performing a contractual obligation
  2. The obligee – the party who is the recipient of the obligation
  3. The surety – who ensures that the principal’s obligations will be performed

Through this agreement, the surety agrees to uphold – for the benefit of the obligee – the contractual promises (obligations) made by the principal if the principal fails to uphold its promises to the obligee. The contract is formed so as to induce the obligee to contract with the principal, i.e., to demonstrate the credibility of the principal. Unlike insurance, the oblige agrees to indemnify (re-pay) the surety for any claims paid out.

There are two main categories of bond types: contract bonds and commercial bonds. Contract bonds guarantee a specific contract. Examples include performance, bid, supply, maintenance and subdivision bonds. Commercial bonds guarantee per the terms of the bond form. Examples include license & permit, union bonds, etc.

For additional information please contact our office at 602-263-0777 or…

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Testimonials

Valley Youth Theatre
“For nearly 30 years John Sankovich and Southwest Insurance Brokers, LLC have been taking tremendous care of our non-profit thea...
Childsplay Inc.
\"Southwest Insurance Brokers has been our broker for 20 years and we’re looking forward to 20 more! They are always looking for ...
Regency on Central
\"Southwest Insurance has been the Regency’s trustworthy broker for 20 years.  John and his team have been quick to respond to o...
Builders ENVIROservices
\"In the past, I would rather have gone to the dentist than deal with insurance needs for my company.  With Southwest Insurance Br...
Outwest General Store - Outwest Liquidations LLC
Southwest Insurance Brokers LLC and our agent, Shannen Mills, have been providing insurance services to our small business since 2...
Franklin Templeton Corp
I became acquainted with Jeff Lewis over 30 years ago when he was the sole insurance advisor and agent for a California real estat...
RECON Engineering
Since 2008, Southwest Insurance Brokers has assisted RECON Engineering in obtaining both General and Professional Liability insura...
Truth Consulting Indoor Air Quality and Industrial Hygiene
We started our environmental consulting business in 2011.  From the beginning Southwest Insurance Brokers was able to understand ...
McRae Management Services LLC
Jeff Lewis and his team have been handling the insurance needs for our closely held portfolio of companies for over 20 years. In t...
Cecila Frager
I have only been insured with the company a little over a year but have experienced nothing but great service from Southwest Insur...

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Southwest Insurance Brokers, LLC
7500 N. Dreamy Draw Drive, Ste #100 | Phoenix AZ 85020 | 602-263-0777 Phone | 602-277-0737 Fax

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