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PERSONAL
LINES INSURANCE |
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PERSONAL AUTO INSURANCE
HOMEOWNERS INSURANCE
CONDOMINIUM INSURANCE
RENTERS INSURANCE
BOAT INSURANCE
CATASTROPHE LIABILITY
LANDLORD PROPERTIES
FLOOD INSURANCE
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COMMERCIAL
LINES INSURANCE |
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COMMERCIAL PACKAGES
BUSINESS OWNERS POLICIES
ARTISAN CONTRACTORS
PROFESSIONAL OFFICES
APARTMENTS AND CONDOS
COMMERCIAL AUTO
WORKERS COMPENSATION
BUSINESS CATASTROPHE LIABILITY
COMMERCIAL FIRE
GENERAL LIABILITY
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LIFE
INSURANCE |
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UNIVERSAL LIFE INSURANCE
WHOLE LIFE INSURANCE
ANNUAL RENEWABLE TERM
LEVEL TERM LIFE INSURANCE
MORTGAGE LIFE INSURANCE
MORTGAGE CANCELLATION
CUSTOM LOAN PROTECTION
YOUTH INVESTMENT PLANS
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HEALTH
& DISABILITY INSURANCE |
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MAJOR MEDICAL PLANS
PREFERRED PROVIDER PLANS
MEDICARE SUPPLEMENT
MEDICAL SAVINGS ACCOUNTS
SHORT TERM MEDICAL
MORTGAGE DISABILITY
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COMMERCIAL
BONDS |
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PERFORMANCE BONDS
CONTRACTORS BID BONDS
LICENSE & PERMIT BONDS
EMPLOYEE DISHONESTY BONDS
FIDUCIARY BONDS
PENSION & TRUST BONDS
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PERSONAL
FINANCIAL SERVICES |
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INDIVIDUAL RETIREMENT ACCOUNTS
ROTH IRA
TAX DEFERRED ANNUITIES
FLEXIBLE PREMIUM ANNUITIES
SINGLE PREMIUM ANNUITIES
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COMMERCIAL
FINANCIAL SERV. |
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GROUP LIFE INSURANCE
SIMPLIFIED EMPLOYEE PENSION PLANS
SAVINGS INCENTIVE MATCH PLANS
KEOGH PLANS
TAX-SHELTERED ANNUITIES
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 Commercial
Bonds
Centerville is a provider of surety bonds, including contractor bids,
performance, license and permit bonds for commercial businesses within
the greater Hampton Roads area.
 Performance
Bonds:
Performance bonds represent the minimum amount of protection
against potential losses at which the Exchange will allow a clearing member
to carry a position or a portfolio. The performance bond requirements
are balanced at a level to protect the Clearing House from a default loss
and also ensure effective capital management for clearing member firms.
Contractor Bid Bonds:
When an owner, be it public or private, asks for bids
on a project he will normally ask for some form of security to guarantee
that if a contract is awarded to the successful bidder, the latter will
accept and execute the contract and will furnish the required additional
bonds (usually Performance and Payment Bonds).
License and Permit Bonds:
These are the most common types of bonds. Almost every business which
needs a license or permit is required to carry a bond which guarantees
the owners honesty, integrity, performance and payment. The bond guarantees
to the obligee that the principla will conduct his business properly,
pay all items due, and not defraud the public.
 Fiduciary
Bonds:
A Fiduciary bond is usually required in situations including
the handling of money. A fiduciary is a person handling the affairs of
another. He or she must do so honestly, competently and faithfully. If
he or she does not do so and causes financial loss, the bond will guarantee
that the party experiencing the loss is reimbursed.
Pension and Trust Bonds:
Many companies today offer pension plans and/or profit
sharing programs as part of the benefit package for their employees. These
programs are managed by appointed individuals associated with that company,
known as fiduciaries.
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