Bonds
Protection, Trust,
and Peace of Mind
Bonds
Protection, Trust, and Peace of Mind
At Wilcock Filley and Associates Insurance, we understand that trust and financial responsibility are essential in business relationships. That’s why we offer a full range of bond solutions tailored to meet the needs of individuals, businesses, and contractors across a variety of industries.
What Is a Bond?
A bond is a financial guarantee. It is a three-party agreement that ensures specific obligations will be fulfilled. If those obligations are not met, the bond provides financial protection to the party who is harmed.
There are typically three parties involved in any bond:
- Principal – the person or business purchasing the bond and making the commitment.
- Obligee – the party requiring the bond (often a government agency or private entity).
- Surety – the insurance company or bonding company that backs the bond and guarantees performance or payment.
Why Are Bonds Needed?
Bonds are often required by law or contract to provide a safety net in business transactions. They serve many purposes, including:
Ensuring Contract Completion:
In construction and service contracts, performance bonds guarantee that the contractor will complete the project as agreed.
Protecting Against Financial Loss:
License and permit bonds protect consumers and governments from financial loss due to noncompliance with laws or regulations.
Securing Honest Business Practices:
Fidelity bonds protect businesses from losses caused by employee dishonesty, such as theft or fraud.
Meeting Legal Requirements:
Many professions and industries—such as auto dealers, mortgage brokers, and public officials—are required by law to carry specific types of bonds before they can operate.
Notary Program Insurance
With over 20 years of experience, WFA has built a reputation as a reliable partner for Arizona notaries. Our notary program provides essential support for obtaining notarial appointments and ensures compliance with all legal requirements. We handle the entire process—from initial application to securing the necessary bond and providing your official stamp—helping you avoid common issues that can lead to delays or costly resubmission fees. Notary program insurance includes liability protection for errors and omissions, covering notaries from potential claims related to their professional duties. WFA simplifies the notary process, allowing you to focus on your role as a trusted notarial professional.
Types of Bonds We Offer
At Wilcock Filley and Associates Insurance, we provide a variety of bonds including:
- Contract Bonds (Performance, Payment, Bid Bonds)
- Commercial Bonds (License & Permit Bonds, Utility Bonds)
- Court Bonds (Fiduciary, Judicial)
- Fidelity Bonds (Employee Dishonesty Bonds)
- Notary Bonds
Whether you’re a contractor bidding on a project, a business owner meeting state requirements, or an individual serving in a fiduciary role, we can help you find the right bond for your needs.
Why Choose Us?
With decades of combined experience and deep industry relationships, Wilcock Filley and Associates delivers fast, reliable, and affordable bonding solutions. Our team will walk you through the process, explain your options, and ensure your compliance—so you can focus on what you do best.
