Thursday, April 5, 2012

Surety Bonds

Surety Bonds

Signed documentHand shake
A surety bond is a written agreement that usually provides for monetary compensation in case the principal fails to perform the acts as promised.

There are many different types of surety bonds, but the two general categories are Contract and Commercial Surety bonds. Surety bonds provide financial security and construction assurance on building and construction projects by assuring project owners that contractors will perform the work and pay certain subcontractors, laborers, and material suppliers. A bond can also help protect an owner from liens against the owner's property if the contractor fails to pay workers or suppliers.

When you’re working with an agent to build your policy, make sure to ask questions and get answers to help you decide which coverage is right for your business.
Program Highlights
  • New Business Ventures
  • High Limits up $10,000,000 / 20,000,000
  • License and Permit Bonds
  • Financing Available
  • Perfect, Good or Poor Credit Score
  • Quote and Bind New Bond Immediately
  • No Financial Statements Required
  • Clients with up to $100,000,000
Business Types
Discounts
  • Good Credit
  • Years in Business
  • Pay in Full
  • Renewal

Commercial Auto Insurance
Contractors Insurance
Personal Lines Insurabce
Business Owners Insurance
Surety Bonds

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