Contact Us: (580) 718-4006
CHEROKEE STRIP INSURANCE AGENCY LLC
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      • Auto Insurance
      • ATV Insurance
      • Boat Insurance
      • Classic Car Insurance
      • Motorcycle Insurance
      • Roadside Assistance
      • RV Insurance
    • Property >
      • Home Insurance
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      • Earthquake Insurance
      • Flood Insurance
      • Landlords Insurance
      • Renters Insurance
    • Business >
      • Business Insurance
      • Business Owners Package (BOP) Insurance
      • Insurance Bonds
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      • Critical Illness Insurance
      • Long Term Care Insurance
      • Medicare Advantage Plans
      • Medicare Supplement Coverage
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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.
  • Notary Bonds - In order to shield the public from any damages caused by their wrongdoing, notaries public are required to post notary bonds in the majority of US states. In the event that the notary breaches state law, it serves as insurance for reimbursement.


Contact us to learn more about the right insurance bond for you.
(580) 718-4006
1508 E. Prospect Avenue
Ponca City, OK 74604​
Click Here to Email Us
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Cherokee Strip Insurance Agency LLC
1508 E. Prospect Avenue
Ponca City, OK 74604
(580) 718-4006
Click Here to Email Us

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Insurance products are not insured by NCUA or any Federal Government Agency; are not a deposit of, or guaranteed by the Credit Union or any Credit Union Affiliate; and may lose value. Any insurance required as a condition of the extension of credit by Cherokee Strip CU need not be purchased from our Agency but may, without affecting the approval of the application for an extension of credit, be purchased from an agent or insurance company of the customer's choice.

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