Bonds

This page contains useful info and a brief video explainer of Bonds. Below the video are a "get started" button that takes you to a request form, common use cases and common gaps in coverage with Bonds.

Use Cases

Performance bonds to guarantee completion of a construction project

Bid bonds to give security to developers when accepting offers from contractors

Payment bonds to give security to suppliers, subcontractors or laborers during a project

License and Permit (L&P) bonds to fulfill regulatory obligations to government entities

Common Gaps

Selecting the wrong bond type for your needs

Insufficient bond amount that fails to meet contract requirements

Missing or incomplete bond language that can lead to disputes

Misunderstanding indemnity requirements that create risk exposures

Bonds Are Risky

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