Surety Bonds
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. |
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Program Highlights
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Business Types
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Discounts
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Commercial Auto Insurance | Contractors Insurance | Personal Lines Insurabce | Business Owners Insurance | Surety Bonds |
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