Bond insurance certifies that your company will fulfill the terms of a contract. If you fail to do so, the person or entity holding the contract (known as "the obligee") can file a claim with the surety against the bond to recover their losses.
It's common for construction businesses to have bond coverage. You can refer to Understanding insurance terms: Bonded and insured to learn more about bond insurance, surety bonds, and bonding.
NEXT doesn't offer our own proprietary bond insurance at this time. We have partnered with Liberty Mutual in order to help provide bonds with them! If you were interested you can get started on this page on our website.