Contract bonds act as a guarantee to your client that the contract will be fulfilled within the determined provisions.
We issue bonds for:
Heavy equipment contractors
A surety bond is a three-way contract between the obligee, the principal and the surety. It protects the obligee (your client) from loss, up to the limit of the bond issued by the surety (us), that result from the principal’s (you) failure to perform its obligation.
Governments (federal, provincial and municipal) may require a license bond before granting you a permit to operate your business.
These bonds act as a guarantee that you and your business will comply with any statute, law, municipal by-law or regulation that applies to your business operations.
Miscellaneous bonds, including lost securities bonds, fall outside the standard commercial classifications for surety bonds.
They often support private relationships and unique business needs, or may also be used to guarantee the obligations mandated by various levels of government, including:
No matter the size or industry you’re in, talk to a broker about what you need to protect your business from the unexpected.
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