Surety Bonds

Surety Bonds provide protection to contractors and serve as a form of payment guarantee to intended beneficiaries in the event that the contractor fails to fulfill its contract.

Commercial and Construction Bonds

This type of Bond is also known as Contract Bonds. They serve as a guarantee that the Contractor will comply with the specifications established under the construction contract, which will cover payments to the named subcontractors, and to the named material distribution companies.

Performance Bonds

They serve as a guarantee of total or partial compliance with the obligations stipulated under a work order or services contract.

Maintenance Bonds

This type of bond protects the property owner or land owner from costs that may arise to remedy or correct errors or defects related to a completed construction project or work.

Payment Bond

They serve as a guarantee of payment and to cover agreements and conditions stipulated under contracts, such as in the case of leasing a property or extended credits.

License and Permit Bond

It is a General Bond required by the Municipalities of the State that issued the License and Permits that serves to guarantee and protect the community and consumers from damages caused by the work of contractors.

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