Bonding & Surety Insurance

Bonding Insurance

There are several instances where different types of bonds are required. The more common types of bonds are:

Licensing Bonds requested by government authorities in order to carry on certain businesses

Fidelity Bonds are used to protect a person, firm or corporation against loss by the dishonest acts of a related person i.e. employer / employee

Contractors Surety Bond: a bond facility is set up for the contractor to provide bid bonds to a project owner to guarantee to the owner the contractor is financially qualified to enter into a contract. Upon award of a contract; Performance Bonds, Labor Bonds and Material Bonds are provided by the Surety Company to guarantee that the project will be completed.

Other Bonds are available for many different individual cases. Give us a call for additional information or click the Get a Quote Now button and we will contact you.

 

Surety Insurance

No matter your size, whatever your trade, we’ll become an extension of your team by facilitating meaningful communication among bankers, attorneys, accountants and insurance personnel. We have developed long-standing relationships with leading surety markets to help get what you need for your job.

It takes special expertise to prepare the many different bonds contractors are required to provide in the course of competing for and performing work. You want to be sure that the bonds you provide will provide the correct degree of security and fulfill the obligations of your contracts every step of the way.

Guild Insurance Brokers & HMS Insurance Agencies has the in-depth experience of long-standing professionals to offer contractors a complete, truly Canadian source of contract and miscellaneous surety products. We understand your exposures through long involvement in the building industry, and are skilled at responding promptly and knowledgeably to your applications.

Once you establish a bonding facility, we can quickly provide any bonds you require to perform work in both Canada and the United States.

Questions?

Our team of insurance professionals are always here to help find the right insurance for you. Send us an email, check out “The Blog”, or give us a call to chat with one of our professionals.