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Bonds

Alabama Bonds insurance

Surety Bonds

A bond is a written promise that an insurance company will protect your assets and back up the promises made by someone else. Specifically, a surety bond is a guarantee involving three parties: Principal, Obligee and Surety.  The Principal is the person or business with an obligation to perform. The Obligee is the person, company or governmental unit requiring the guarantee. The Surety company provides the bond to guarantee that the Principal fulfils their obligation to the Obligee.  As long as the Principal performs their obligation the Surety company has no role. The best Surety bond situation is when the Principal fulfils their obligation, the Obligee is satisfied and the Surety company takes no part in fulfilling those obligations. If the Principal does not do what is required, the Surety company has to meet the obligations. If this happens, the Surety company is entitled to be reimbursed for losses and costs by the Principal. 

In today's marketplace, surety bonds are the preferred method of guaranteeing performance and financial obligations.  Pepper, Johnstone & Company has a long-standing history with many of the industry's leading surety companies.  These relationships allow us to provide each client the best surety bond solutions at the most competitive price. 

Construction Bonds

Bid, Performance & Payment Bonds and Supply bonds for contractors with program capacity needs from “First Bond” to $25 million

Commercial Bonds

  • License and Permit Bonds: Contractor License, Highway and Street Permits, Agent/Adjuster/Broker Licenses, Fuel Dealer, Professional Licenses, Automobile Dealer, and Alcoholic Beverage Compliance Bonds
  • Probate Bonds: Administrator, Executor, Guardian, and Trustee Bonds
  • Receiver or Trustee Bond in Bankruptcy
  • Public Official: Notary Public, Sheriff, Deputy Sheriff, County Conservator, Constable, Jailer, County/City/School Treasurer Bonds, Court Clerk, Loan Closing Attorney, and FHA Schedule Bonds
  • Court Bonds: Plaintiff Replevin, Detinue, Plaintiff Attachment, and Cost Bonds
  • Miscellaneous Bonds

Fidelity Bonds

ERISA (Pension Plans), Business Services Bonds

Financial Institution Bonds and D&O Coverage

Commercial Banks and Savings Institutions, etc.

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Bond

A security that obligates the issuer to pay interest at specified intervals and to repay the principal amount of the loan at maturity. In insurance, a form of suretyship. Bonds of various types guarantee a payment or a reimbursement for financial losses resulting from dishonesty, failure to perform and other acts.

Adjuster

An individual employed by a property/casualty insurer to evaluate losses and settle policyholder claims. These adjusters differ from public adjusters, who negotiate with insurers on behalf of policyholders, and receive a portion of a claims settlement. Independent adjusters are independent contractors who adjust claims for different insurance companies.

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Our Insurance Companies

Safeco Insurance

Pepper, Johnstone & Company, Inc.

Our location

122 W. Market Street
Athens, AL 35611
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