It may be difficult to find an agency that gives you the customer support you may expect, but JW Bond Consultants, Inc. employ agents that specialize in 401K Erisa bonds and are able to answer all of your questions promptly, in a thorough approach towards optimizing the market. In the simplest terms, a surety bond is a guarantee. What the bond guarantees varies depending on the language of the bond. It is a form of credit, not insurance. Erisa bonds are required by the Federal Government authority for any established financial plan a company or private entity may have in order for them to operate. The bond ensures you will follow their guidelines. Commercial Bonds – guarantee the principal’s performance of an obligation as listed on the commercial surety bond. (e.g. Auto Dealer Bond, Mortgage Broker Bond, fuel tax bond, Wage & Welfare Bond, etc.) and other security bond you need. Your credit will not affect the rate for an Erisa bond; they can write this bond for clients with good or bad credit. Not only did they process and issue request for a bond immediately, but they also will be willing to go above and beyond when it comes to providing additional documentation and support for your company.