Integra Insurance Services - Auto, Home, Business Agent in Wasilla, AK

Integra Insurance Services provides insurance for the entire Mat-Su Valley. Call our agency in Wasilla to insure your home, auto or business. (907) 376-3656.

Wasilla Agents:(907) 376-3656

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Commercial Bonds

Commercial Bonds in Alaska

A Surety Bond is a basic term that describes a bond. Surety bonds are underwritten differently than insurance even though they are sometimes mistaken for insurance, when in fact surety bonds are different.

A Surety Bond is essentially a guarantee. What exactly the bond guarantees depends on what language is written in the bond. With surety bonds there are always 3 parties involved.

The 3 parties involved are:

  • The Principal – the primary business entity who will be performing a  contractual obligation.
  • The Oblige – the party who is the recipient of the obligation.
  • The Surety – who ensures, guarantees the principal’s obligations will be performed. Sureties are similar to insurance companies.

This agreement says that the Surety agrees to uphold – for the benefit of the oblige – the contractual obligations made by the principal, if the principal shall fail to uphold their agreement with the oblige.  Often consumers require a bond before they will agree to enter a contract with a contractor.

The 2 main categories of Surety Bonds:

  • Contract Surety Bond
  • Commercial Surety Bond

A Alaska Contract Surety Bond guarantees a specific contract. A Alaska Commercial Surety Bond guarantees the terms of the Bond form instead of a contract.

If you would like more information about bonds, please call a licensed professional at Integra Insurance Services at (907) 376-3656.

CONTACT US

Integra Insurance Services
224 N Yenlo St #1
Wasilla, AK 99654
Get directions
907-376-3656
Contact

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About Integra Insurance Services

Integra Insurance Services is locally owned and has been providing insurance for Alaskan's in the Mat-Su Valley for over 30 years. We provide insurance for homes (including homes under construction), auto,  snowmobiles, ATV, boats & jet skis, Motorcycle (including snow machines), RVs, &  renters insurance.
We also provide insurance for your business such as commercial general liability, workers compensation, commercial auto, &  bonding (including lost title bonds).

CONTACT US

Integra Insurance Services
224 N Yenlo St #1
Wasilla, AK 99654
Get directions
907-376-3656
Contact
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