Services Contacts
It’s a fact that service contractors have a tough time when it comes to surety bonding.
They fall into a gray area for most surety bond companies. Are they contract surety, or are they commercial surety? How do they go about getting a bond?
First, they must take a hard look at their business activities. If it is mainly residential work, then the contractor may be able to get bonds from local builders’ associations or chambers of commerce that would cover them for onsite risks and liability should something go wrong. The problem with these types of plans is that there typically aren’t insurance limits available when someone sues the company.
Service Contractor Bonds
A service contractor bond is required to secure the performance of a licensed or certified service contractor’s obligations to the customer and facility. The contractor’s responsibility can include but not be limited to:
Without such guaranty, performance may be incomplete, unsubstantiated, unreliable, undetermined, or impaired, among other things.
When catastrophe strikes, you need a reliable insurance partner. We’re here for you.
Northwest Insurance Agency Has Your Back
We are a family-owned and operated business providing bonds for service contractors since the early 1980s.
Northwest Insurance Agency is committed to providing you with the best customer service experience possible. Our agents are knowledgeable, friendly, and eager to help you find the right bond coverage for your company. Call us today at 1-214-352-5656!
