Our bond team specializes in contract and commercial surety bonds for a wide variety of industries. Whether you are a tradesman, contractor, real estate developer or wholesaler our dedicated team is available to help you. We have strong relationships with some of the leading surety carriers and can provide you with the right combination of coverage and price.

However, price is not everything. We pride ourselves on putting our clients first and providing service that exceeds expectations. Our goal is to create a bonding program that meets your specific business requirements and allows your company to grow.

Types of Bonds we Provide our Clients

Surety Bond - Surety bonds are three-party agreements in which the issuer of the bond (the surety) joins with the second party (the principal) in providing protection to a third party (the obligee) regarding fulfillment of an obligation on the part of the principal. An obligee is the party (person, corporation or government agency) to whom a bond is given. The obligee is also the party protected by the bond against loss.

Construction Bond - A construction bond is guarantee by a third party (insurance company or surety) to finalize construction in accordance with the terms of the contract in the event the contractor fails to perform according to the terms of the contract. The following outlines the types of Construction Bonds:

• Bid Bonds - Bonds which provide financial assurance that the bid has been submitted in good faith, and that a contractor will enter into a contract at the amount bid and post the appropriate performance bonds. These bonds are used by owners to pre-qualify contractors submitting proposals on contracts.
• Payment Bonds - Payment bonds cover payment of the contractor's obligation under the contract for subcontractors, laborers, and materials suppliers associated with the project. Since liens may not be placed on public jobs, the payment bond may be the only protection for those supplying labor or materials to a public job.
• Performance Bonds - Performance Bonds cover performance of the terms of a contract. These bonds frequently incorporate payment bond (labor and materials) and maintenance bond liability. This protects the owner from financial loss should the contractor fail to perform the contract in accordance with its terms and conditions.
• Maintenance Bonds - Maintenance Bonds provide for upkeep of the project for a specified period of time after a project is completed. These bonds protect against defective workmanship or materials.

Commercial Bonds - A general classification of bonds that refers to all bonds other than contract and performance bonds. Commercial bonds cover obligations typically required by law or regulation. Each bond is unique to the circumstances at hand.

Legal regulations for Federal, state, and municipalities can require various commercial bond obligations. These may guarantee compliance on the part of individuals to follow certain rules or legal requirements. The following outlines the types of Commercial Bonds:

• License and Permit Bonds -  Stare or local laws require License and Permit Bonds be issued to operate certain types of businesses such as streets, sidewalks, gutters, and drainage systems. They may be required for a number of reasons, including the payment of certain taxes and fees or providing consumer protection as a condition to granting licenses related to selling things such as motor vehicles or contracting services.
• Miscellaneous Bonds - Miscellaneous Bonds cover performance of contracts and agreements with private parties and government agencies. e.g. lost securities, utility deposit, wages and welfare.
• Public Official Bonds - Public Official Bonds protect against dishonesty and lack of faithful performance by a public official. These bonds are required by statutes and ordinances.

Court and Probate Bonds – Judicial and probate bonds, also referred to as fiduciary bonds, secure the performance on fiduciaries' duties and compliance with court order, e.g. administrators, executors, guardians, trustees of a will, liquidators, receivers, and masters. Judicial proceedings court bonds include injunction, appeal, indemnity to sheriff, mechanic's lien, attachment, replevin, and admiralty.

Regardless of your bonding needs, we are here to assist you. Just contact us for more information.