Surety Bonds
Secure your credibility and performance with surety bonds that guarantee you’ll deliver on your contracts. Even if things go wrong, your clients never leave empty-handed.
Why does your business need it?
- Required for many government and private contracts
- Level your playing field with bigger competitors
- Bid with confidence on larger projects
- Protect clients if your firm can’t complete work
What does our coverage do?
- Provides financial assurance to project owners
- Covers losses if obligations aren’t fulfilled
- Protects your work with a full range of bonds
- Supports long-term growth and competitiveness
Assure your clients you can do it.
With a surety bond, you can bid on government and other large projects without posting cash or letters of credit. Your local agent will help you understand your bond options.
Talk to an agent
Bid withdrawal
You might win a contract but need to withdraw, creating more costs for your client.
Project default
If your company can’t complete work due to unforeseen circumstances, a client could sue.
Supplier nonpayment
If subcontractors or suppliers aren’t paid, it might trigger client financial loss.
License violations
Failure to comply with regulations could result in fines or penalties to your business.
Missed deadlines
Project delays can lead to contractual penalties or damages you should protect yourself against.
Our surety bond options include
Bid Bond
Guarantees if you are awarded a project that you will fulfill the contract at the bid price.
Performance Bond
Ensures work will be completed and suppliers and laborers are paid.
License & Permit Bonds
Ensures your work complies with applicable rules, regulations and industry codes.
Numbers to know
Small business bonds
$9.21B
in surety bonds were guaranteed for small businesses in 2024. (Library of Congress, 2025)
Contract value
$759B
was spent on federal contracts in 2023. (GAO, 2024)
Typical bond rate
1-4%
of a total contract value is paid to secure a bond. (Investopedia, 2025)
