Shafer Insurance Agency has been taking care of the bonding needs of construction companies throughout the southeast for more than 30 years. We understand that bonding capacity is critical to your business and that quick response from your agent is an essential part of your success.

We are proud to have long-standing relationships with several A.M. Best A rated surety providers that give us the flexibility to fulfill a variety of bonding needs. Contractors of all sizes and specialties rely on our experienced staff to deliver a competitive surety program that allows their companies to grow and prosper.

Our professionals will work with you and your CPA to develop a program that will maximize your bonding capacity and minimize your personal liability. Whether you currently have a surety program or you are interested in establishing your first surety relationship, we would appreciate an opportunity to discuss your needs.

Contract Surety Bonds

Contract Surety Bonds we offer:

Bid Bonds
  • Secured by the bidder and guarantees the project owner that the bidder will take the job if selected through the bid process
Contract Bonds
Performance & Payment Bonds
  • Performance: Secured by the contractor - Guarantees the contractor will perform under the contract provisions and State regulations for the owner or governmental agency.
  • Payment: guarantees the contractor will pay their subcontractors per the agreement between them.

Commercial Surety Bonds

Commercial Surety Bonds we offer:

Dental Bonds

Attention Dentists - Do you meet the new Medicare DMEPOS Bond Requirements? Effective January 1, 2019, dentists who are DMEPOS providers and accept Medicare and Medicaid payments must now obtain a Surety Bond in the amount of $50,000.00 per practice location. We can help!

License & Permit Bonds
  • Required by municipalities
  • Guarantees the business will operate by all applicable municipal laws and regulations
Utility Bonds
  • Required by the utility company from users of large amounts of utilities (electric, water, etc.)
  • Guarantees that the business pay all applicable utility charges on time
Liquor Bonds
  • Required by the State
  • Guarantees that the business owner will operate by all applicable state and municipal laws and regulations including any alcohol tax laws
Fuel Tax Bonds
  • Required by the government
  • Guarantees that all businesses who sell fuel comply with payment of the applicable fuel tax payments due the government, Also called IFTA
Cigarette & Tobacco Bonds
  • Required by the government
  • Guarantees that all businesses who sell fuel comply with payment of the applicable cigarette and tobacco tax payments due the government
Municipality Bonds
  • Issued by a municipality to finance capital expenditures
Motor Vehicle Dealer Bonds
  • Required by the State
  • Protects customers from auto dealers in the case of unprofessional work that causes financial or other damages to the customer
Court & Judicial Bonds
  • Required by the Court, secured by the Plaintiff
  • Guarantees that the Plaintiff will pay all court costs including costs for appeal, attachment and injunction

Bonds Carriers We Represent

Our agency prides itself on its long-term relationships with our customers and the working relationships we have with the bonds carriers we represent. These relationships are what enable us to provide our customers with exceptional coverage and extremely competitive rates.

Being an Independent Agent gives us the ability to place your insurance coverage with the insurance carrier that offers the competitive pricing and specific coverages you need. We represent several AM Best A Rated Insurance Carriers and refuse to work with substandard companies just for the sake of pricing.

  • Auto Owners
  • Berkley
  • Cincinnati
  • CNA
  • GCNA
  • Hartford
  • Liberty Surety
  • Merchants
  • Penn National
  • Cincinnati Insurance and Hartford
  • Philadelphia Insurance Co.
  • SureTec
  • Travelers
  • United Fire Group
  • Westfield Group
  • Zurich
Contact Us today with any questions or for a quote.

Bonds Contact Information

  • Aaron Jensen, Producer (Tri-Cities Office) – (423) 239-6235
  • Jason Tallent, Vice President of Construction Services – (865) 292-1106