What is an Insurance Bond?
An insurance bond ensures contract completion in the event of contractor default and are typically required by project owners when seeking a contractor to fulfill a contract.
The contractor obtains a bond so the insurance company is obligated to compensate the project owner for the financial loss incurred if the work is not completed.
Typical Insurance Bond Types
Although there are many types of insurance bonds, the four most common types needed by business owners are:
Contact us to learn more about the right insurance bond for you.
1510 S Ewing Ave
Dallas, TX 75216
615 N. U.S. Hwy 175
Seagoville, TX 75159
Click Here to Email Us