Built to guarantee.
Machaen Insurance Agency places contract surety for construction, commercial surety for money transmitter licensees, and professional lines insurance, with an agent who actually picks up the phone.
Contractors · Money Services Businesses · Professional & Technology Firms
Unlike most insurance, a bond involves three parties. Machaen Insurance Agency's job is to make that third leg easy for you.
Three specialties, one point of contact
Contract Surety for Construction
Bid, performance, payment, and maintenance bonds for contractors bidding and building nationwide.
Explore Contract Surety →Commercial Surety for Money Transmitters
Money transmitter license bonds placed in all 49 states that require one.
Explore Commercial Surety →Professional Lines
Cyber, Crime/Fidelity, E&O, Tech E&O, and D&O insurance for professional and technology firms.
Explore Professional Lines →The bonds you'll need, in the order you'll need them
Bid Bonds
A bid bond is submitted alongside a contractor's bid proposal and guarantees that if the contractor is awarded the project, they will sign the contract and provide the required performance and payment bonds at the agreed price.
Learn more →Performance & Payment Bonds
Performance and payment bonds are issued together once a contract is awarded and form the core guarantee behind nearly every bonded construction project.
Learn more →Maintenance & Warranty Bonds
A maintenance bond, also called a warranty bond, guarantees that a contractor will correct defects in materials or workmanship that appear after a project has been completed and accepted by the owner, for a defined warranty period, typically one to two years.
Learn more →Money transmitter license bonds, state by state
A money transmitter license bond is required as part of the licensing process in every state except Montana. Machaen Insurance Agency places these bonds for money services businesses, remittance companies, and fintech platforms building a multi-state license footprint.
Coverage for the risks your business can't bond away
Cyber Liability Insurance
Cyber liability insurance protects a business against the financial fallout of a data breach, ransomware attack, or other network security incident.
Learn more →Crime & Fidelity Insurance
Crime and fidelity insurance protects a business against direct financial loss caused by dishonest acts, including employee theft, forgery, computer fraud, funds transfer fraud, and social engineering schemes.
Learn more →Errors & Omissions (E&O) Insurance
Errors and omissions insurance, also called professional liability insurance, protects a business against claims that its professional services or advice caused a client financial harm through an actual or alleged error, omission, or negligent act.
Learn more →Technology Errors & Omissions (Tech E&O)
Technology errors and omissions insurance is a specialized form of professional liability coverage built for software companies, IT service providers, and technology vendors.
Learn more →Directors & Officers (D&O) Insurance
Directors and officers insurance protects the personal assets of a company's leadership, along with the company itself, against claims alleging a wrongful act in the management of the business, such as a breach of fiduciary duty, mismanagement, or a decision that harmed shareholders, employees, or other stakeholders.
Learn more →Built for the businesses that need to be bonded, licensed, or covered
General & Heavy Contractors
Bonding capacity that scales with your backlog, so a bigger job doesn't mean a bigger headache.
Money Services & Fintech Businesses
License bonds structured for multi-state MSBs, remittance companies, and payment platforms.
Professional & Technology Firms
Cyber, crime, E&O, and D&O coverage sized to your contracts and your board's expectations.
Insurance-agent thoroughness. Contractor-speed turnaround.
One point of contact, start to close
You work directly with your agent, not a call center or a rotating account rep.
Access to multiple markets
We shop your program across carriers to find the capacity and rate that fits your business.
Deadlines that don't wait, and neither do we
Fast turnaround on bonds and binders, with a clear path mapped out for renewals.
No account too small, no program too complex
From a single bid bond to a full multi-line insurance and surety program, you get the same attention.
"They walked us through what our bonding capacity actually meant, then got the bond turned around before our bid deadline. That's the whole relationship, right there."
Surety, in plain English
What's my "bonding capacity"?+
It's the total size of work a surety is comfortable backing for you at once, based on your financials, experience, and current backlog. We'll help you understand yours and grow it over time.
Will I need to put up collateral?+
Most established businesses qualify on credit alone. Collateral usually only comes up for newer companies, larger single-job bonds, or higher-risk categories, and we'll tell you upfront if it applies to you.
How fast can I get a bond or policy in place?+
Once your program is set up, most bonds and policies turn around within a few days. First-time submissions take a bit longer while we build your underwriting file, so the earlier you loop us in, the better.
What do underwriters actually look at?+
For contract bonds: your financial statements, work-in-progress schedule, and track record. For MTL bonds: your license application and transaction volume. For professional lines: your revenue, contracts, and risk controls.
What lines does Machaen Insurance Agency handle?+
Three: contract surety for construction, commercial surety for money transmitter licensees, and professional lines including Cyber, Crime/Fidelity, E&O, Tech E&O, and D&O. Browse each in the navigation above.
Tell us what you need bonded or covered.
Send over a few details and we'll follow up within one business day, sooner if your deadline is close.
- Phone
- 201-316-4159
- NJ Office
- 299 Forest Avenue Suite F, Paramus, NJ 07652
- CA Office
- 7734 Herschel Avenue Suite 0, La Jolla, CA 92037
- Hours
- Mon–Fri, 9:00am–5:00pm