Coverage
Surety Bonds
Surety bonds provide a financial guarantee that contractors and businesses will fulfill their contractual, licensing, or regulatory obligations. These bonds protect project owners, government agencies, and the public from financial loss if the bonded party fails to perform.
Who Needs This Coverage
- General contractors and construction companies
- Subcontractors and specialty trade contractors
- Auto dealers and mortgage brokers
- Court-appointed fiduciaries
- Businesses requiring license or permit bonds
What's Covered
- Bid bonds for contract bidding
- Performance bonds guaranteeing project completion
- Payment bonds for subcontractors and suppliers
- License and permit bonds
- Court and fiduciary bonds
- Miscellaneous commercial bonds