Contractors Surety Bond (products)

Summary of Contractors Bonds (Contractors Surety Bonds)

There are several types of Surety Bonds for contractors: Bid Bonds, Performance Bonds, Payment Bonds, License Bonds and Supply Bonds are a few.

In general, surety bonds assure a project owner that they can rely on contractor performance, ability to make payments to certain other parties (sub-contractors, e.g.), good faith bid submissions and so on. The issuer of sureties, usually an insurance company subsidiary, investigates the abilities of a contractor and, in the event of a valid claim, will make reimbursement for non-performance according to the terms of the surety.Information Needed for General Agreement of Indemnity:

  1. Federal ID Number of each corporation
  2. Full Name and Social Security Number of each stockholder and their spouses
  3. Home Address of each stockholder and their spouses
  4. Legal Name and Address of Corporation.
  5. For Bid Bond Purposes – State(s) of Incorporation

We has access to over 30 different carriers. We shop multiple A.M. Best A rated companies to find you comprehensive coverage at the best value.wpiccontractorbond1

Our  relationships with trusted carriers, as well as our pride in having Great Attitudes, Great Service and Great Rates, is what separates us apart from our competition. We are consistently looking for and adding new companies to our agency. This helps keep your insurance cost low.

Contact us today to get an afford quote.  We look forward to working for you!