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Contractors Bonds (Contractors Surety Bonds)

Surety Bonds for Contractors

Contractors may need different types of surety bonds depending on the project and requirements. Common examples include:

  • Bid Bonds – Guarantee the validity of a contractor’s bid.

  • Performance Bonds – Ensure the contractor will complete the project as agreed.

  • Payment Bonds – Guarantee payment to subcontractors, suppliers, and laborers.

  • License Bonds – Required for certain licenses to operate legally.

  • Supply Bonds – Assure the delivery of materials as contracted.

Surety bonds give project owners confidence in a contractor’s performance, financial responsibility, and good faith, helping to protect all parties involved.


Information Needed for a General Agreement of Indemnity

To process a surety bond, we typically require:

  • Federal ID Number for each corporation

  • Full legal name and Social Security Number of each stockholder and their spouses

  • Home address of each stockholder and their spouses

  • Legal name and address of the corporation

  • State(s) of incorporation (for bid bond purposes)

Do you have questions about Contractors Bonds (Contractors Surety Bonds)?

Get Expert Help with Contractors Surety Bonds

Have questions about Contractors Bonds (Contractors Surety Bonds) or need a free policy review and quote? Contact the experienced team at Meixell - Diehl Insurance today.

As an independent insurance agency, we work with several top-rated carriers - giving us the flexibility to match you with the right coverage at competitive rates. Whether you need protection for your business, home, auto, or more, we can help you find a policy that fits your needs.

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