We offer one
on one professional
consultations to assist you in choosing
the proper contract bond coverage for
your company.
A
contract bond is a written promise (which we
guarantee) to make good any loss the customer may
sustain if the terms of a contract are not faithfully
performed. The contract usually means construction
contracts (buildings, roads, sewers, bridges, and
similar projects) or supply contracts that guarantee
furnishing materials or supplies.
A
bond guarantees the fulfillment of a
legal obligation.
A bond is not an insurance
policy. A bond is an extension
of credit with an assumption that there will be no
losses
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Our bonds are
underwritten by an industry
leader. Ohio Casualty offers A+ rated bonds for our
contractors.
A
bond can provide the Owner or Prime Contractor
the financial assurance that the
job will be completed in the event
the Contractor (Principal) does not complete
the contract.
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