From construction projects to court proceedings, our Surety Bonds assure your clients and partners that contractual and legal obligations will be met. Our extensive network and expertise in surety services ensure you get the best terms and conditions to suit your specific requirements.
Contract (or corporate) surety bonds provide financial security and construction assurance for building and construction projects by assuring the project owner (obligee) that the contractor (principal) will perform the work and compensate certain subcontractors, laborers, and material suppliers, as outlined via their contract. Contract surety bonds include the following:
Offers bonding solutions required for business operations, including license and permit bonds. Ensures compliance with local regulations and industry standards, providing necessary assurances for business activities.
Commercial surety bonds guarantee performance by the principal of the obligation or undertaking described in the bond. Commercial surety bonds include the following:
A surety bond is a legally binding agreement involving three parties—the principal, the obligee, and the surety. It guarantees that the principal will fulfill their obligations to the obligee, and in cases of default, the surety covers the resulting losses.
We strive for efficiency and can often process and issue bonds within 24 to 48 hours, depending on the type of bond and the completeness of the application submitted.
Costs can vary depending on the bond amount, the type of bond, the applicant’s financial health, and the risk associated with the obligation. After evaluating your specific situation, we provide a detailed quote.
Generally, surety bonds are not refundable once issued as they guarantee performance or compliance. However, a portion may be refundable if bonds are no longer required and can be legally exonerated.
Documentation requirements vary by bond type but generally include application forms, financial statements, and details about the obligation or contract needing the bond.
It is possible to obtain surety bonds with less-than-ideal credit. We offer solutions for various credit scores, though terms and premium rates may vary.
Need a bond fast? Contact us today for a quick consultation and quote. Our experts are ready to help you with all your bonding needs, ensuring swift, reliable, and comprehensive service.