SURETY BONDS

SURETY BOND SPECIALISTS

Surety Bond Borawski Insurance

There are many types of surety bonds, it is important to discuss your options with someone who understands your business and its unique challenges. We have the knowledge and network to help you secure the right surety bond.

Types of Bonds:

  • BID BOND

A bid bond assures that a bid on a project is submitted in good faith, that the contractor will enter the contract at the bid price and that the contractor will provide required performance and payment bonds.

  • PERFORMANCE BOND

A performance bond is used to protect the owner from financial loss should a contractor fail to perform the contract in accordance with its terms and conditions.

  • PAYMENT BONDS

A payment bond assures that the contractor will pay specified subcontractors, laborers and materials suppliers associated with the project.

  • MAINTENANCE BONDS

Maintenance bonds generally are required by an owner to provide assurance against defective workmanship or materials.

  • FIDELITY BONDS

Also known as Dishonesty bonds, these protect employers from property theft by their employees.

Please contact us to discuss which surety bonds are best for your needs.