Bonds

Are you not able to get a job because you can't get bonded?  If so, we can help you get bonded and get those jobs so that you can keep making money! Bonds are a little different than insurance in that they are like a line of credit and you will be responsible for paying back the bond company if you end up using your bond.  We offer bonds through the best bond companies available for some of the best rates available.  If you are looking for bonds in NC we can help!

Here is a breakdown on the premium charged from one of our companies for a performance bond in North Carolina:

$25 per $1000 for first $100,000
$15 per $1000 for next $400,000
$10 per $1000 for next 2MM

So a $2,000,000 bond would be $23,500 in premium.  What are you paying for your bond in North Carolina?

Send us an email and we can begin the applicaiton process to get your business bonded in NC so you can get that big job!

What is a surety bond? - Surety bonds are three-party agreements in which the issuer of the bond (the surety) joins with the second party (the principal) in guaranteeing to a third party (the obligee) the fulfillment of an obligation on the part of the principal.

What is a perfomance bond? - Performance Bonds cover performance of the terms of a contract. These bonds frequently incorporate payment bond (labor and materials) and maintenance bond liability. This protects the owner from financial loss should the contractor fail to perform the contract in accordance with its terms and conditions

What is a bid bond? - Bonds which provide financial assurance that the bid has been submitted in good faith, and that a contractor will enter into a contract at the amount bid and post the appropriate performance bonds. These bonds are used by owners to pre-qualify contractors submitting proposals on contracts.

What is a fidelity bond? - Bonds designed to protect against dishonesty. Generally, the bond protects against dishonesty of employees. These bonds cover losses arising from employee dishonesty and indemnify the principal for losses caused by the dishonest actions of its employees.  (janitorial bond)

What is a license and permit bond? - License and Permit Bonds are required to obtain a license or permit in many cities, counties, states or other political subdivisions. They may be required for a number of reasons, including the payment of certain taxes and fees or providing consumer protection as a condition to granting licenses related to selling things such as motor vehicles or contracting services.

Give us a chance to handle all of your bonding needs in NC.  We are bond experts and can help you get the bond that you need to keep your business going in NC.