For use in building a new residential area
For use in building a new commercial area
For use when purchasing real estate
For use in construction
For use in commercial services
For use in post-court obligations
For use in conservation efforts and upkeep
For use in anything else we can cover
Still not sure what bond is right for you?
Residential Site Improvement / Subdivision
Residential Site Improvement / Subdivision bonds are used for the construction, and maintenance, of a new residential structure. One difference between a subdivision bond, and other types of bonds, is that the financial responsibility we are insuring is coming from the principal, rather than the obligee in a typical case. These bonds are often required to obtain a construction permit for a project and are typically used to cover the additions or improvements to single-family homes, townhomes, and condominiums.
Commercial Site Improvement / Subdivision Bonds
Commercial Site Improvement / Subdivision Bonds are used to cover additions and improvements to commercial property. When issuing a subdivision bond, the financial responsibility rests with the principal, rather than the obligee. These bonds are often required to obtain a construction permit for a project, and are typically used on strip malls, churches, and mini malls.
Contract bonds are used as a guarantee that the contractor has the money, time, and resources to do a specific job. The bond protects the obligee in the event of contractor default. Typical bonded contracts could be for the construction of a building or the related subcontracts (HVAC, plumbing, electrical, masonry, roofing, demolition, etc.)
Commercial / Non-Construction Bonds
Commercial / Non-Construction Bonds are used as a means of guarantee that a service is performed in accordance to federal and local laws. This is done to protect the consumer from harm, physical or otherwise. Unlike other types of bonds, commercial bonds do not have any contracting guarantees. This bond type is used to cover such services as pupil transportation, janitorial services, and garbage collection and hauling.
Court bonds are issued to cover many different obligations required by a court, but may take place either inside or outside the courtroom. One of the main uses for these bonds is to ensure the credibility of an individual or verify their financial circumstances. They can also be issued as a way to prevent financial loss after a court ruling, or to act as a guarantee that a court appointed task will be completed.
Environmental Bonds are issued for projects that may have an impact on the environment. These bonds are issued to ensure that the environment is protected during a project. This could include waste dumping procedures that must follow all federal standards. These bonds are issued for jobs like asbestos abatement, lead abatement, and site remediation.