If you need an insurance bond to bid on or get hired for a new job call us. We’re insurance bond experts and we’ll get it taken care of you… Fast!
What is an Insurance Bond?
The contractor obtains a bond so the insurance company is obligated to compensate the project owner for the financial loss incurred if the work is not completed.
Typical Insurance Bond Types
- Bid Bond – Ensures the bidder on a contract will enter into the contract and furnish the required payment and performance bonds if awarded the contract.
- Payment Bond – Ensures suppliers and subcontractors are paid for work performed under the contract.
- Performance Bond – Ensures the contract will be completed in accordance with the terms and conditions of the contract.
- Ancillary Bond – Ensures requirements integral to the contract, but not directly performance related, are performed.
Contact us to learn more about the right insurance bond for you.