Any entity that issues bonds should have bond insurance. Though bonds are already one of the lowest risk investments, having assurance that the bond will be repaid is great for bond issuers.
What Is Bond Insurance?
Bond insurance is a type of policy for bond issuers that repays that issuer for the principal and interest on that bond, if the bond is defaulted on. While some bond issuers might not think that that kind of insurance is valuable for their needs, they should also consider that only with insurance for bonds can the issuer get an AAA credit rating, and therefore also reduce their interest payments.
In effect, this means that any interest rates will be based off of the company (in this case, the Michael Pigott Agency), instead of the bond issuer’s bond rating. That means lower interest rates that any bond issuer has to pay. In addition, it means that if someone defaults on the bond, the issuer is still paid, now through the insurance company which has taken on the bond. Essentially, it ensure that if you issue bonds, they are paid whether or not the individual or company that originally purchased them defaults. Any issuer who has ever had a bond defaulted on knows how this can upset his business.
Why Do Business with Us?
Whether your business is brand new or whether you are established, working with a bond insurer can help you grow and expand—and do it with confidence. Credit enhancement is one of the many benefits of working with us. We lower your risk so that any interest you have to pay is far lower than it would otherwise be. Plus, you are protected from default.
We work with some of the best insurance carriers in the business and help you build coverage options that fit your specific needs. If you need insurance for bonds in Bensalem or the surrounding areas, you have come to the right place. We not only know the area, we know how to find you the right plans a price that works for your business or lifestyle.
We will even provide you a no obligation and absolutely no hassle quote so that you can be sure that we are the right agency to work with. Our professional staff is ready and waiting for you to give us a call! Contact us today to get started on your free quote.