Merchants Bonding Company, founded in 1933, is one of the leading insurance companies in the United States. The company is licensed in more than 45 states, and specializes in writing contract surety bonds, license and permit, probate bonds, miscellaneous, court bonds, and public official and notary bonds. More than 70 percent of its premium is contract surety with the remaining being commercial surety. The company gives credit on the basis of personal net worth. It processes each account on its own merit by considering the history of the principal company and the integrity of the owners. Headquartered in Des Moines, Iowa, Merchants Bonding Company also operates a claims office in Phoenix.