Why Would Your Business Need A Bond?
Most business owners get a bond because it is either required by law in the city or county where the contractor is working or is required by a specific project on which a contractor is working.
A surety bond is not an insurance policy, but an agreement/contract between three parties (the customer, the person providing the service, and the surety). It ensures the service is performed and payment is received.
By having a surety bond, this relieves the project owner of risks of financial loss as a result of liens for unpaid subcontractors and suppliers. Some surety companies offer assistance to help move the project along and reduce the chance of project failure.
Types Of Bonds Offered
- Auto dealer
- Bid
- Performance
- License and Permit
- Liquor
- Court Surety
- Public Official
- Title
- And More - just ask!
If you are not sure which of these options apply to your business, contact Consultative Insurance Group and let our Business Insurance professionals assist you!
Our agents take time with you to explain bond options and how they apply to your business situation.
