Bid · Performance · Licence
Surety bonds for GTA contractors and businesses
A surety bond guarantees that you will meet a contract or legal obligation. I help you prepare for surety underwriting and place bonds with markets that understand your work.
Who we insure
- General contractors
- Civil contractors
- Mechanical
- Electrical
- Developers
- Licensed businesses
Coverage for surety bonds
Bid bonds
Guarantee you will enter the contract at your bid price if awarded.
Performance bonds
Guarantee the project will be completed according to the contract.
Labour and material bonds
Guarantee subcontractors and suppliers will be paid.
Licence and permit bonds
Required by some regulators and municipalities.
Surety facilities
An ongoing bonding line for contractors who bid regularly.
Underwriting support
Help preparing financial statements and work-on-hand schedules.
FAQ
Questions I hear often
Is a surety bond the same as insurance?
No. A bond guarantees your obligation to someone else, and the surety can seek repayment from you if it pays a claim.
What do sureties look at?
Typically your financial statements, experience, work in progress and character.
How long does it take to get a bond?
Small licence bonds can be quick. Contract bonds take longer the first time while a facility is set up.
Can a newer contractor get bonded?
Often yes, though limits may start smaller and additional support may be required.