Contract Bonding / Surety Insurance
Contract bonds guarantee the performance of contracts and may be required by Governments, Municipalities, School Boards and other clients. Typically the bonds are non-cancellable financial guarantees jointly provided by the Surety and the Contractor to respective Owners as a guarantee to complete the contracts undertaken.
Before a bond is issued, the Surety Company must thoroughly assess the Character, Capacity and Capital of the Contractor-Applicant. This usually involves providing financial statements, a letter from the bank, work on hand sheets and a completed application.
TEN STAR has the expertise to help work with you during the process to help you obtain the Surety Insurance you need and to make sure you're getting great terms. For more information about contract bonding insurance and about how TEN STAR can guide you through the process, fill out the above form today!
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Pick up the phone today and call 1-877-TEN-STAR to get started!
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