SuretyBonds.Co

Let SuretyBonds.co Help you find your Bond

Building trust, and obtaining the right surety bond at the right coverage amount are common concerns for all our clients. Our mission is to alleviate your concerns and answer your surety questions so that you concentrate on your business’ priorities.

Personalized Services

Assigned Admin

24 / 7 Support

Project Management

Bond Renewals

How to find the right surety bond consultant

A surety bond is an insurance policy that protects against losses caused by a contractor’s failure to complete a project on time or within budget. It’s also called a performance bond because it guarantees that the contractor will perform according to contract terms.

Understand the Difference Between Bonds and Insurance Policies.
There are two main types of bonds: performance bonds and payment bonds. Performance bonds guarantee that a contractor will finish a job on time and within budget. Payment bonds ensure that a contractor pays subcontractors and suppliers who provide materials and services for a job.

Understand the Different Types of Bonds Available.
Three surety bonds are available: performance, payment, and financial guarantee. Each type has its purpose and requirements. Performance bonds guarantee that a contractor will perform work according to specifications. Payment bonds ensure that subcontractors pay their workers as promised. Financial guaranty bonds protect against losses due to fraud or theft.

Know what type of bonds you need.
Before you choose a surety bond consultant, make sure you understand what kind of bond you need. If you’re looking for a performance bond, you should check with your state’s Department of Labor and Industries (L&I) website. You should contact your local building department if you’d like to use a payment bond.

Know Who to Contact When You Need Help with a Bond.
Once you’ve decided on the type of bond you need, you’ll need to determine who will provide it. There are several different kinds of bonds available, so you’ll need an expert to help you figure out which one is right for your business.

Look at their experience.
A Surety Bond consultant should have years of experience providing surety bonds. They should also know how to write a bond application and what questions to ask during the process. The consultants at Palmetto Surety have decades of experience and are online surety bond experts.

Get started with Personalized Surety Bond Service:

You can Rely on SuretyBonds.co with your all your Surety Bond Needs

Step 1 of 2

Your Information