What is Bond or Financial Guarantee Insurance and Why Would I need it?

Bond Insurance (Financial Guarantee Insurance) is not actually a type of insurance but is a guarantee of scheduled payments of interest and price on a bond. Many businesses and contractors make sure projects are bonded to assure that their projects get completed.

Let Harrington Insurance Agency Help With All Your Bond Needs

Performance Bonds

Performance Bonds are bonds that guarantee satisfactory completion of a project by a contractor.

Bid Bonds

Bid Bonds are guarantees that once a contractor wins a project bid, they must begin work on that project.

Indemnity Bonds

Indemnity Bonds reimburses the holder of the bond should the issuer of the bond fail to meet deadlines.

Payment Bonds

Payment Bonds are bonds that guarantees payment to sub-contractors and suppliers on the project.

License Bonds

License Bonds are required by the government for businesses in certain industries and guarantees businesses comply to laws.

Contact Harrington Insurance Agency today for your Bond Insurance needs!