You’ve been in business for a while now, and you know the importance of having a solid bond.
But what about when your contractor’s bond is up? Northwest Insurance Agency has got you covered with Maintenance Bonds that are perfect for service contractors. Plus, we have flexible terms so you can get the coverage that fits your needs best.
With these bonds, it doesn’t matter if someone leaves or gets injured-we’ll take care of covering things like plumbing repairs, roofing work, electrical repair, and more! So talk to us today to find out more information on how we can help protect your company’s future!
Making sure you’re protected before starting a new construction project
A construction project is a significant investment, and it’s essential to protect your interest in the work. After spending time, money, and energy on a new building or remodel, the last thing you want is for something to go wrong with the structure or design. So, it’s essential to make sure that the contractor you hire is reliable, trustworthy, and competent.
Many construction people somehow feel as if paying them a maintenance bond is a minor set of fees. The purpose of a maintenance bond is to guarantee that the contractor will complete their work. It prepares them for the event they run into financial difficulties or go bankrupt while completing their contract.
Maintenance bonds perform like insurance policies for your equipment or machinery.
Your business needs protection from unforeseen contingencies, such as the unexpected failure of a piece of vital equipment. It would leave your company without resources to produce to meet demand. Even if you’ve already successfully improved reliability and held down costs, maintenance contracts can help ensure financial stability after commercial interruptions and natural disasters – while sometimes improving equipment performance in the process.
Guaranteeing your contractors and covering them with maintenance surety services
The cost of a maintenance bond is determined by how much coverage you need to combine with your application. Factors that will affect the amount include:
If you own real estate, get peace of mind by getting it bonded today with Northwest Insurance Agency!
A maintenance bond from Northwest Insurance Agency can help protect you against faulty quality. It also provides contractors with the opportunity to show reliability to their clients, and you can see its benefits daily. Contact us today to learn more about our Maintenance Bonds and see which one would be right for you!