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Designed specifically for sub-contractors who have entered into a contractual agreement to complete a project. The surety bond ensures the successful performance of the sub-contractor and /or payment for labour and materials to complete the project should the sub-contractor be unable to fulfill their obligations.
A surety bond is a three-party agreement. The bonding company (surety) undertakes to discharge the contracted obligations of a party (sub-contractor for example) to the obligee (owner/general contractor for example).
Business and Personal Financial Information will be required.
Not required by law, but may be required to fulfil contractual obligations.
There are two premium components to Contract Surety:
If you would prefer to speak with a representative, Josslin would be happy to provide you an estimate on your insurance. Please contact Todd Aitchison, Derrick MacDonald, or Jack Soeder if you have any questions or would like an estimate for your surety bond.