Contact Us: (843)-785-7455​
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    • Property >
      • Homeowners
      • Condo
      • Flood
      • Landlord
      • Renters
    • Auto >
      • Personal Autos
      • Antique Autos
      • Motorcycle
      • RV
      • Golf Cart
    • Business >
      • Business
      • Business Owners Package (BOP)
      • Bonds
      • Workers Compensation
    • Life Insurance Quote
    • Other >
      • Boat
      • Events
      • Umbrella
  • Service
    • Report a Claim
    • Update Contact Info
    • Policy Changes
    • Proof of Insurance
    • Free Consultation
  • About
    • Staff Directory
    • Refer a Friend
  • Contact


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?

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 to 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.
(843) 785-7455​
15 Hospital Center Common
Suite 200 E
Hilton Head Island, SC 29926​
Click Here to Email Us
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Colonial South Insurance​
2600 Main Street 
Unit 104
Hilton Head Island, SC 29926
(843) 785-7455​
Click Here to Email Us

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