Why should I get my payment and performance bonds from United Surety Bonds?
Your commercial surety needs are handled by representatives and managers who specialize in such accounts. We have a specialized surety staff to respond to your needs. This specialization enables us to insure that bond needs are handled quickly and efficiently. These efforts are supported by office staff focused solely on commercial surety business.
Payment and Perfomance Bond Insurance
At UnitedSuretyBonds.com we understand that companies have unique payment and performance bonding needs. In our years of service to contractors and other types of businesses we have performance bonding programs to address a wide array of risk sizes, types, and coverage needs. In addition to coverages for large business, coverages are available for both smaller businesses and the self-employed.
Our performance bonds are designed to protect your clients against the risks typically faced by owners in the construction process through tailored and comprehensive policies.
What are payment and performance bonds?
People are often confused by the idea that payment bonds and performance bonds are not the same thing, because they are often written as one bond.
Payment bonds assures completion of the obligee´s requirements in a satisfactory manner. Payment bonds guarantee that all the subcontractors and suppliers will be paid if the contractor defaults.
A performance bond guarantees satisfactory completion of a project by a contractor. Performance bonds are commonly used in the construction industry, where an owner may require the developer to assure that contractors procure such bonds in order to guarantee that the value of the work will not be lost in the case of an unfortunate event, such as insolvency of the contractor.
What are the Key Benefits of choosing UnitedSuretyBonds.com?
- Bonds uniquely crafted to meet your needs
- Ability to negotiate with insurers to achieve insurance solutions effective for you
- Knowledgeable and specialized professional sales team
- The security of A rated insurance companies
- Easy payment options
- Online quotes
- Attention to detail and customer service