Surety bonds are a necessity for any general contractor. So how do they work?
Surety bonds create an agreement between your contracting business, your customer, and the insurance company issuing the surety bond. If the construction project isn’t completed, your customer can file a claim with the insurance company to recover costs and damages not exceeding the value of the bond.
Surety bonds might seem complicated, but that’s where Kelly Miller Insurance Associates comes in. Our experienced professionals work with the top surety companies in the U.S. to find you the right policies so you can meet the surety bond requirements of each job. We can also provide you with coverage that allows you to bid on more and bigger projects.