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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 and to make sure you’re getting great terms.