What is a Bid Bond, Performance Bond, Utility Bond
An 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 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.
4705 Mission Road
Westwood, KS 66205
Overland Park Office:
8011 College Blvd.,
Overland Park, KS 66210
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