Let’s be clear: bonds are not insurance policies – they’re guarantees. It is not uncommon for business and contractors to have certain projects bonded to ensure they are completed, no matter what complications may arise. At Marshall Insurance, we specialize in providing both large and small businesses with the following bonds:
- Performance – to guarantee the performance of contractually agreed upon work
- Bid – guarantees the beginning of work following the winning of a bid
- Indemnity – guarantees any losses should a party fail to meet deadlines
- Payment – promises payment to all sub-contractors and vendors
- License/Permit – a bond guaranteed to a state or federal agency
