No matter what type of bond you might need for your business, Morris & Reynolds Insurance can help. We’ve been writing insurance oriented bonds with the world’s leading surety insurance companies since 1950 and have solutions for every industry and every type of bond.

SURETY BONDING BASICS:

A surety bond is a promise to pay one party (the obligee) a certain amount if a second party (the principal) fails to meet some obligation, such as fulfilling the terms of a contract. A surety bond is used to protect the obligee against losses resulting from the principal’s failure to meet the obligation. A surety bond is a contract among at least three parties; the obligee (the party who is the recipient of an obligation), the principal (the primary party who will be performing the contractual obligation, your business for example) and the surety (who guarantees the obligee that the principal can perform the task at hand, usually an insurance company that writes bonds).

TYPES OF BONDS MORRIS & REYNOLDS OFFERS

There are many types of Commercial Surety bonds and Morris & Reynolds has the expertise and experience to provide them. Some examples of the types of bonds we commonly provide include: Bid, Performance and Payment, and Supply, Court, Customs, License & Permit, Miscellaneous, Notary, Probate, Public Official, Regulatory and tax bonds.

AGRICULTURAL BONDS:

If you are in the agricultural industry or need a bond required by the Department of Agriculture, Morris & Reynolds can help. We write all forms of agricultural bonds including; agricultural products dealer bonds, citrus dealer bonds, fertilizer dealer bonds and propane gas dealer’s bonds to name a few examples.

COURT BONDS:

Court bonds are those bonds prescribed by statute and relate to the courts. Examples include appeal bonds, supersedeas bonds, attachment bonds, cost bonds, replevin bonds, injunction bonds, mechanic’s lien bonds, administrator, guardian, and trustee bonds.

FEDERAL BONDS:

Guarantees payment of various fees and compliance with federal requirements, including Contract Postal Station and Excise bonds.

FIDELITY (CRIME & EMPLOYEE DISHONESTY):

A fidelity bond is a form of insurance protection that covers policyholders for losses that they incur as a result of fraudulent acts by specified individuals, often employees who engage in dishonest acts. Please visit our Crime & Employee Dishonesty page for more information about fidelity bonds and crime insurance.

FINANCIAL INSTITUTIONS:

As a result of the inherit risks associated with Financial Institutions, specific Crime Bonds have been designed for such entities as Banks, Insurance Companies, and Mortgage Banking firms.

LICENSE & PERMIT BONDS:

License and permit bonds are required by certain federal, state, or municipal governments as prerequisites to receiving a license or permit to engage in certain business activities. Contractor’s license bonds, which guarantees that a contractor complies with laws relating to their industry. Other examples of license and permit bonds include; broker’s bonds, customs bonds, detective bond, ERISA (Employee Retirement Income Security Act) bonds, health spa bonds, highway permit bond, insurance brokers bond, liquor store bonds, motor vehicle dealer bonds, money transmitter bonds, reclamation and environmental protection bonds and tax bonds.

MEDICARE & MEDICAID PROPERTY SURETY BOND:

If you are in the care giving business or need a bond required by the Agency for Health Care Administration or another entity for Medicare or Medicaid, Morris & Reynolds can help. We write all forms of Medicare and Medicaid bonds including; adult assisted living facility bonds, Medicare provider surety bonds and nursing home patient trust surety bonds.

MOTOR VEHICLE DEALER’S BOND:

Morris & Reynolds offers all forms of motor vehicle dealer’s bonds including; Motor Vehicle Dealer Bond (New & Used), Franchise Motor Vehicle Dealer Bond, Recreational Vehicle Dealer Bond, Recreational Vehicle Manufacturer Bond and Mobile Home Dealer Bond.

PERFORMANCE:

Whether you are a general contractor or a trade, sub, contractor, Morris & Reynolds can help. A performance bond is a surety bond issued by an insurance company or a bank to guarantee completion of a project by a contractor. A job requiring a payment & performance bond will usually require a bid bond, to bid the job. When the job is awarded to the winning bid, a payment and performance bond will then be required as a security to the job completion.

PUBLIC OFFICIALS BONDS:

Public official bonds guarantee the honesty and faithful performance of those people who are elected or appointed to positions of public trust. Examples of officials sometimes requiring bonds include: notaries public, treasurers, commissioners, judges, town clerks, law enforcement officers, and Credit Union volunteers. Bonds that guarantee the performance of duties by officials, such as Clerk, Notary Public, Treasurer, Tax Collector, Deputy, and Sheriff bonds.

MISCELLANEOUS BONDS:

Miscellaneous bonds are those that do not fit well under the other commercial surety bond classifications. They often support private relationships and unique business needs. Examples of significant miscellaneous bonds include: lost securities bonds, hazardous waste removal bonds, credit enhancement financial guarantee bonds, self–insured workers compensation guarantee bonds, utility deposit bonds, wage and welfare/fringe benefit (Union) bonds.

SUPPLY & SERVICE CONTRACTORS:

Supply Contractors provide supplies or materials, such as lumber, chemicals for water treatment and chemicals/salt for roads. Service Contractors generally provide a type of service, such as janitorial and food service for schools.

A UNIQUE APPROACH TO BUSINESS INSURANCE

Business insurance is our business. When it comes to your coverage and the risks your enterprise and people face we treat your business as if it were our very own. At Morris & Reynolds we offer a unique, hands on, passionate relationship with our clients that in most cases last decades because of the reliable, results oriented, solutions we provide from year to year. Some of the benefits of our business insurance work for our clients include;

SUPERIOR MARKET KNOWLEDGE, RELATIONSHIPS & INSURER ACCESS

Morris & Reynolds represents and has access to the entire market of leading insurers for all of the risks our business insurance client face. Many of our relationships with major insurers span decades and in some cases date to the founding of our firm in the 1950’s. We also take pride in representing cutting edge and emerging insurers from around the globe to structure the coverage, limits and costs you need and deserve.

ALL FORMS OF INSURANCE, EMPLOYEE BENEFITS & RISK RELATED SERVICES

Our dedicated professional people are your consultants, problem solvers and partners. We help assess your needs, evaluate solutions and suggest alternatives for your organization. We build a high level of familiarity with your company so we can offer the insights that satisfy your changing risk-financing needs. Some of our products and services include:

  • Alternative Risk Financing, including Captives and Risk-Sharing Pools
  • Claims Management & Administration
  • General Property and Casualty Insurance
  • Group Health Insurance & Employee Benefit’s
  • Malpractice and Errors & Omissions
  • Pension & Retirement Plans
  • Professional Liability including Directors and Officers and Employment Practices
  • Risk Management & Loss Control Services
  • Workers Compensation and Employers Liability

AGGRESSIVE, TRANSPARENT, NEGOTIATIONS

Your protection, goals and bottom line are our sole focus. The coverage and costs that we negotiate, in fact all we do, is focused on your protection needs, goals and bottom line. We are known as aggressive negotiators who have our clients’ best interest at heart. Always.

We also enjoy serving our clients in the most transparent manner possible and are happy to discuss and disclose our compensation and answer your questions about that important topic with you. Morris & Reynolds is a truly independent insurance agency and has been since 1950. Our focus is never on stockholders, stock prices or an insurance company preference but our clients’ goals, dreams and desires. Always.

PEACE OF MIND

Insurance is more than a legal contract, it’s your peace of mind. At Morris & Reynolds Insurance we take your protection, and peace of mind, to heart in all we do from the coverage we structure, the insurers we suggest and the day to day service and care we provide to our clients. When you need us most, we will always be there.

VISION & INNOVATION

At Morris & Reynolds Insurance our clients receive the best of both worlds. We are well known for our ‘old fashioned, reliable and responsive service that dates to the founding of our agency in 1950. We are also known for employing cutting edge technology and offering the latest in coverage innovations and ideas to serve our clients’ ever evolving needs. Services such as The Protection Portal, Morris & Reynolds MyWave and the Morris & Reynolds Risk Management & Loss Prevention Services are just a few examples of our forward thinking approach to service.

AWARD WINNING, EDUCATED, PROFESSIONAL PEOPLE

Our Client Service Underwriters, Client Advocates and Professional Agents are deeply committed to their profession and career-long learning. Our award winning TEAM of professional people, the finest people in insurance, is unique to Morris & Reynolds Insurance. In order to offer our client’s the very finest results possible we constantly seek improvement by way of training, performance measurement and process reviews.

Our corporate office is an approved and certified testing site for the prestigious Insurance Institute of America and their curriculum is part of our ongoing TEAM educational efforts. Morris & Reynolds Insurance is proud of the awards that TEAM members have received from a variety of industry associations and insurers, including the Florida Agent of the Year, The National Agent of the Year and The Customer Service Representative of the Year Honors to name a few.

A UNIQUE APPROACH TO RISK REDUCTION

Every day we work to provide you with the very best coverage, care and solutions available. Our extensive range of professional services, designed to manage your risk and make you and your business more efficient, include:

ANNUAL UPDATING & RISK REVIEW

Businesses change and evolve. Because of this, Morris & Reynolds conducts annual audits of your coverage and the exposures, risks and facts that your insurance is based upon. Working many months in advance of your renewal, we ensure that the coverage and exposures are current so that your renewal will progress as your business does.

AUDIT ASSISTANCE

Coverage such as workers compensation and general liability are based on estimated exposures that are then audited by the insurer after the policy year ends. Our team of experts is available to assist in the preparation of your audit or even conduct the audit with the insurer for you, to save you time and money.

CLAIMS MANAGEMENT

We place an extreme emphasis on your claims. Morris & Reynolds employs licensed, professional insurance adjusters that manage your claims all year long with state of the art automation. Your assigned Claims Manager at Morris & Reynolds is your expert advocate, dedicated to resolving claims quickly and fairly. Whether it is a simple auto claim, a major fire, a devastating hurricane or a complex lawsuit, we will be right next to you doing our best to support you during what we know can be a traumatic time.

ROBUST, ANNUAL, MARKET RESEARCH & AGGRESSIVE NEGOTIATIONS

Morris & Reynolds represents hundreds of the world’s leading insurers, brokers, wholesalers, reinsurers and alternative risk related firms in the industry. As your agent, we aggressively seek solutions from all leading insurers in the marketplace and negotiate one insurer against another to arrange the best possible coverage and cost for you.

RISK MANAGEMENT & LOSS CONTROL

Protecting your business and bottom line through risk management and loss control can have a dramatic impact in lowering your insurance costs and risk related expenses. The risks that you face can come from a variety of sources including project failures, legal liabilities, natural disasters and even deliberate attacks. We proudly offer you best in class risk management and loss control that can help identify, control and manage the risks you face.

STEWARDSHIP & DEEP ANALYSIS

Success in reducing your risk and its associated costs are often found deep in the details of your coverage, claims and business. For this reason, Morris & Reynolds provides a range of detailed stewardship reports and analysis related to your coverage, options, performance, claims and other risk related metrics that are useful in constructing your Protection Plan and managing your risks.

MORRIS & REYNOLDS MYWAVE

Morris & Reynolds’ MyWave is a truly dynamic internet-based portal that delivers robust, time saving tools and information related to employee benefits, human resources and risk management. Simply log on to your customized homepage to find valuable detailed information as well as interactive postings.

Trusted Insurance

"Savings & Service Has Been Our Policy Since 1950"
14821 South Dixie Highway, Miami, Florida 33176
P 305.238.1000 | F 305.255.9643
E info@morrisandreynolds.com

Independent agent