What is a Bid Bond, Performance Bond, Utility BondAn insurance bonds ensures contract completion in the event that a contractor defaults and are typically required by project owners when seeking a contractor to perform their service.
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. Bonds are credit based. A Risk Advisor at Arena Insurance Brokers, Inc. can assist you in obtaining they type of bond you need regardless on credit. Call a Risk Advisor at 913-363-1300. Typical Bond TypesAlthough 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. |
(913) 363-1300
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