Contract Surety Bonds

Used primarily in the construction industry, these bonds protect the owner (obligee) from financial loss if the contractor (principal) fails to fulfill the terms and conditions of their contract.

Economical Insurance provides the following contract surety bonds:

  • Bid and Agreement to Bond (Consent of Surety)
  • Performance, Labour and Material Payment
  • Maintenance Bonds
  • Supply Bonds

 

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