What is an Insurance Bond?
An insurance bond ensures contract completion in the event of contractor default and are typically required by project owners when seeking a contractor to fulfill a contract.
The contractor obtains a bond so the insurance company is obligated to compensate the project owner for the financial loss incurred if the work is not completed.
Typical Insurance Bond Types
Although there are many types of insurance bonds, the four most common types needed by business owners are:
Contact us to learn more about the right insurance bond for you.
2520 Coon Rapids Blvd NW
Coon Rapids, MN 55433
Click Here to Email Us
We are licensed in Minnesota, Iowa, Michigan, North Dakota and Wisconsin.
Website by InsuranceSplash