Surety Bond Solutions

Across the country, government agencies require certain industry professionals to post a surety bond before they can obtain a business license. No matter your industry or location, you can count on the experienced team at Carter Glass Insurance Agency to provide effective surety solutions even in the toughest circumstances.

Surety bonds offer fiscal protection for the public, employers and project owners, and are required on most public projects led by federal, state, or local government agencies.

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Protect the Interests of Your Growing Business

The surety industry is a unique and specialized arena, which makes it important that you have a proven team that you can trust.

We recognize that bonding is a crucial element of many businesses therefore we will take the time to understand all aspects of your company and customize a surety plan that capitalizes on your company’s strengths.

Although most think of surety bonds as being specific to the construction industry, we offer many different services outside of construction (contract) bonds. In addition to contract bonds, we offer commercial surety bonds, such as court bonds, fidelity bonds, and other miscellaneous bonds. Get a surety bond quote by contacting us today!

Here are a few types of industries and jobs that require surety bonds including:

• Auctioneers
• Auto Dealers/Auto Repair Shops
• Collection Agencies
• Construction Companies
• Health Clubs
• Medical Equipment Providers
• Notary Public
• Public Officials, including special deputy
• Travel Agencies

Contract Bonds

Contract surety bonds provide financial security and construction assurance on building and construction projects by assuring the project owner (obligee) that the contractor (principal) is qualified and will perform the work in accordance with the contract documents and pay certain subcontractors, laborers, and material suppliers.

• Bid Bonds - A type of construction bond that protects the owner or developer in a construction bidding process. They are used to help select which contractor will get the project. It is a guarantee that you, as the bidder, provide to the project owner to ensure that if you fail to honor the terms of the bid, the owner will be compensated.
• Payment Bonds - A payment bond is a surety bond that guarantees payment to subcontractors and material suppliers on the project that was bonded.
• Performance Bond - Also known as a contract bond, is a surety bond issued by an insurance company or a bank to guarantee satisfactory completion of a project by a contractor. The term is also used to denote a collateral deposit of good faith money, intended to secure a futures contract, commonly known as margin.
• Maintenance Bond -A maintenance bond makes sure a contractor remedies any defects or the owner is compensated for any defects that may have occurred throughout the construction project.

Commercial Bonds

Commercial bonds guarantee companies and business professionals will work ethically and according to the state laws regulating their industry. These bonds are usually required for business owners who must be bonded to legally operate under state or local laws or regulations, or who are involved in a civil court action.

• Court and Probate Bonds - These include appeal, conservator, guardianship or minor, supersedeas, and lien bonds.
• Fidelity Bonds -These include business service, employee dishonestly, ERISA, janitorial, and public official bonds.
• Miscellaneous Bonds -Including auto dealer, travel agent, agricultural, license, permit, tax, mortgage broker, utility deposit bonds, and many more.

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