FIA

What Is a Surety Bond?

Ever wonder what a surety bond is, or why you need one? There is no shortage of work to be done, or contractors willing to perform it. However, entities paying for work with public tax dollars must confirm that the contractor can complete the job correctly, on time, and for the agreed price. That's where the surety comes in.

Contractors typically pursue the work by submitting a bid proposal. Our first job is to evaluate the contractor's ability to perform the work. After our successful analysis we provide a bid bond to accompany the construction proposal. When our client wins an award of the contract we provide the statutory performance and payment bond; then the work commences.

We pre-qualify the contractor for the project, then provide an irrevocable guarantee (performance and payment bond) that the work will be performed in accordance with the contract terms.

For more info, watch this short video "Getting Your First FIA Bond"

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Our Services

Contract Surety

Because most surety companies distribute surety bonds through the agency system, the first step is to contact a professional agent or broker. A professional agent or broker guides you.

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Residential Subdivision

Our mission is to provide our agents and their insureds with outstanding coverage through careful and thorough underwiting of risks and practical solution.

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