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:
Need help obtaining a performance, bid, or payment bond for larger Nevada construction jobs but getting turned down? We've partnered with HCC Surety and the Small Business Administration (SBA) to provide the bonding that is required for those large jobs. Contact us today, and let's build something great.
Contact us to learn more about the right insurance bond for you.
1415 Arville Street
Las Vegas, NV 89102
Click Here to Email Us