Home / Contractors / Bonds
Contractor Bonds
Without the right bond, you can't bid the job, pull the permit or keep your license. We help you get license, permit, bid, performance and payment bonds, explain what the surety looks at, and help you grow your bonding capacity as your business grows. Call or text with the bond requirement and we'll go through it with you.
★ 5.0 on Google · Agents Licensed in 10 States
Types of bonds
Bonds We Help With
Each bond answers a different requirement. We help you figure out which one you need and get it in place.
- License and permit bonds required by states and cities
- Bid bonds that back your bid if you win the job
- Performance bonds that back finishing the work
- Payment bonds that back paying your subs and suppliers
- Maintenance bonds for a set period after the job
Good to Know
Before You Buy
A bond is a promise backed by your company, so the terms matter. We go through each one with you before you sign.
- Not insurance. A bond isn't insurance for you. If the surety pays a claim, it expects you to pay it back.
- Public work. Federal construction contracts require performance and payment bonds under the Miller Act, and most states have similar rules for public work.
- Underwriting. For larger bonds, sureties look at your financial statements, work history and credit.
- License bonds. Many states and cities require a license or permit bond before you can work.
- Cost. Bond premium is usually a percentage of the bond amount, set by the surety.
- Bonding capacity. Your capacity grows with clean financials and completed jobs. Keep your statements current.
Pair It With
Gaps Bonded Contractors Often Miss
A bond is only part of the picture. These need their own coverage, and we check for each one when we quote.
A Bond Doesn't Replace Liability
Bonds protect the project owner. Your general liability protects you from injury and damage claims.
Contracts Often Ask for Higher Limits
A commercial umbrella adds a layer above your liability, auto and employers liability, often for less than raising each limit.
The Building Isn't Covered While It Goes Up
Your liability policy doesn't cover the structure under construction. Builders risk does, sized to the project.
Uninsured Subs Can Raise Your Premium
At audit, uninsured subs can be counted as your employees. Collect a certificate from every sub you hire.
Work Trucks Need Commercial Auto
Personal auto usually excludes vehicles used mainly for business. Commercial auto covers your trucks and the people who drive them.
Your Business Depends on Key People
If losing one person would hurt sales or operations, key person coverage gives the business money to recruit and keep going.
Questions
What Contractors Ask Us About Bonds
Don't see your question? Ask us directly. A licensed agent will answer, in English or Spanish.
How much does a bond cost?
It depends on the bond type, the amount and your credit and financials. We'll get you a quote.
What is bonding capacity?
It's the total amount of bonded work a surety will back at one time. Strong financials and a good track record help it grow.
Can a new contractor get bonded?
Often yes, especially for license and smaller bonds. Larger bonds may need more history or financial information.
Need a Bond for Your Next Job?
Send us the bond requirement and we'll take it from there.