Contractors Bonds (Contractors Surety Bonds)
There are several types of Surety Bonds for contractors: Bid Bonds, Performance Bonds, Payment Bonds, License Bonds and Supply Bonds. Surety bonds assure project owners that they can rely on contractors' performance, their ability to pay other parties (subcontractors, for example), and their good faith bid submissions, among other things.
Information Needed for a General Agreement of Indemnity:
- Federal ID Number of each corporation
- Full Name and Social Security Number of each stockholder and their spouses
- Home Address of each stockholder and their spouses
- Legal Name and Address of Corporation
- For Bid Bond Purposes - State(s) of Incorporation
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Do you have questions about Contractors Bonds?
Contact an insurance agent at Meixell - Diehl Insurance today to answer any questions about Contractors Bonds or for a free review and insurance quote for Contractors Bonds. And don't forget, as an independent insurance agency, we represent several top rated insurance companies. We have the flexibility to help you find coverage at competitive premiums for business, home, auto, and more.
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