Surety Bonds
Bonds for contractors, design-build firms and consultants who work on public and private projects: bid, performance, payment, license and permit, and maintenance bonds.
A bond is not insurance. It is a guarantee to the project owner that you will do what the contract says. If the surety pays a claim, it expects to be paid back by your firm. That is why underwriting looks closely at your finances and experience.
The Bonds Firms Ask Us For
Bid bonds
Show the owner that if you win the bid, you will sign the contract and provide the required performance and payment bonds.
Performance bonds
Guarantee the work will be completed according to the contract. Most public projects above a set size require one.
Payment bonds
Guarantee your subcontractors and suppliers get paid. Usually issued together with the performance bond.
License and permit bonds
Required by many states, counties and cities before a contractor can be licensed or pull permits.
Maintenance and warranty bonds
Guarantee repairs for defects during a warranty period after the project is complete.
Subdivision and site improvement bonds
Guarantee roads, utilities and other improvements required by a municipality are built.
Getting Bonded, and Growing Your Capacity
Expect to share financial statements, a work in progress schedule, résumés of key people and your project history. Larger programs usually need CPA reviewed or audited statements.
We help you present your firm clearly, plan for the jobs you want to bid, and grow the line as your financials grow. Design-build firms often need both bonds and professional liability, so we look at the two together.
Need Surety Bonds for Your Firm?
Tell us what your firm does. The quote form starts with this coverage ticked, and a specialist reviews it before anything goes to a carrier.
Tell Us About Your Firm. We’ll Tell You What We See.
Starting out or renewing, with a policy in hand or not. If something is worth discussing, we’ll call. If not, we’ll say so.