Bonds are often confused with insurance policies however there is a difference. A bond is only a guarantee. It’s common for businesses and contractors to have certain projects bonded to guarantee they are completed. Here is a sample of some of the types of bonds available:
- a bond guaranteed to a state or federal agency in case a fine is levied
- to guarantee the performance of contractually agreed upon work
- guarantees the beginning of work following the winning of a bid
- promises payment to all sub-contractors and vendors
Contact us to find out how our bonding services can be tailored to meet your specific needs.