Provide a guarantee to people that the person or businesses that is bonded is trustworthy and will do what has been promised.  There are two main groups of bonds:  fidelity bonds, and surety bonds.  Fidelity bonds are held by people who want to provide proof they can be trusted to work inside homes, and in other situations requiring a high degree of trust.  Surety bonds provide assurance that the bonded person will complete work that has been promised. Typical kinds of bonds: Commercial Surety Bonds Contract Surety Bonds Fidelity Bonds Bid, Payment and Performance Bonds Commercial Crime Policy Indemnity Bonds Performance Bonds Fiduciary Bonds Churches.  This class of business is usually not difficult to place and is underwritten by many standard insurers. However, certain markets specialize in providing coverage for churches. Values subject to a total loss may be high. This explanation of insurance benefits is provided by Insurance Marketplace.