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Bonds Information

What is bond insurance?

An issuer of a bond can purchase bond insurance to guarantee scheduled payments of interest and principal on the bond to its bondholders in case the issuer defaults. Once the issuer purchases bond insurance, its credit rating is replaced with the insurer’s credit rating. Premiums are a measure of the perceived risk of failure of the issuer and are paid to the insurer in either lump sums or installments.

What are the benefits of being bonded?

Being bonded gives issuers the ability to leverage business growth. With the increased stature of having the insurer’s credit rating, a business can feel safer in taking risks to improve and grow the business. This is especially true in the construction and financial industries.

A bonded business can obtain unbiased criticism from a credit professional and seek advice in underwriting projects.

Some bonds we handle include, but are not limited to, the following:

  • Contract performance bonds
  • Bid bonds
  • Maintenance bonds
  • Payment bonds
  • Supply bonds
  • License and permit bonds
  • Miscellaneous bonds

Get started today!

Contact us today, and we can answer any questions you have about bond insurance. 

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When we moved all of our home, auto and umbrella insurance over to Keenan Insurance, we saved about $400 a month. They have ways to find the right insurance for your individual needs with profession and compassionate service. We highly recommend you call them the next time you are in need of insurance.
—Alicia Vinklarek

Whenever I am faced with an insurance issue I can call Keenan Insurance and receive the best professional help available. They work with me from begin to end, making sure I am satisfied with all they have to offer.
—S. Love

We have been with Keenan Insurance for over 33 years. They are very attentive, prompt and helpful with claims. They have a low turnover rate and keep you updated with the latest insurance benefits. We recommend using Keenan Insurance to our family and friends. John and his staff are reliable, friendly and dependable. This company has gone above and beyond to help with our insurance needs.
—Lucille

You go to bat for your customers. Never feel like we have to argue to get your help. We trust you.
—Daniel Stage

I followed Keenan Ins from Farmers because of the personal attention my accounts received. When I ask a question, I always get an answer ASAP.
—R. Massey

Prompt and Personal Service keeps us coming back. A variety of insurers to choose from has been helpful, too. Quite a number of changes and additions to a policy can be handled by phone or email.
—Rich Gross, Champions


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Keenan Insurance
6263 Cypress Creek Parkway | Houston TX, 77069 | 281.580.8554 | info@keenaninsurance.com
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