Contact Us:  (985) 878-9474​
First State Agency, Inc.
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      • Boatowner Quote
  • Service
    • Report a Claim
    • Make a Payment
    • Update Contact Info
    • Policy Changes
    • Proof of Insurance
    • Contact My Carrier
    • Online Documents
    • Free Consultation
  • Insurance
    • Trucking >
      • Trucking Insurance
      • Dump Trucks Insurance
      • Local/Intermediate
      • Long Haul Insurance
      • Freight Forwarders Insurance
      • Bus/Limos Insurance
    • Vehicles >
      • Auto Insurance
      • ATV Insurance
      • Classic Car Insurance
      • Motorcycle Insurance
      • RV Insurance
    • Business >
      • General Liability
      • Commercial Building/Contents
      • Business Interruption Insurance
      • Bonds
      • Inland Marine/Equipment Floater Insurance
      • Workers Compensation
    • Life & Financial >
      • Life Insurance
      • Annuities
      • Disability Insurance
      • Final Expense Insurance
      • Financial Planning
      • Umbrella Insurance
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      • Home Insurance
      • Mobile Home Insurance
      • Condo Insurance
      • Flood Insurance
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  • Dave Ramsey ELP

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?

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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 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.
(985) 878-9474
1-888-878-1963 
PO Box 37
439 W Railroad Ave
Independence, LA 70443​​
Click Here to Email Us
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Contact Us

First State Agency, Inc.
PO Box 37
439 W Railroad Ave
Independence, LA 70443
(985) 878-9474
1-888-878-1963
Click Here to Email Us

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Independence Louisiana US Route 51 photo by DwayneP | CC-BY-3.0 | Website by InsuranceSplash