 Types Of Surety Bonds
Different surety needs are met by different classes of surety bonds. VSIA has decades of experience servicing contractors big and small — giving us the complete understanding of construction contracts needed to help your company grow. We deal only with the most trusted sureties, and have a proven record of placing bonds for contractors new to bonded work…the most difficult bonds for hazardous work…contractors with inexperience on larger projects…and those with financial difficulties.
- Contract Bond - guarantees that an entity awarded a contract will meet its obligations under that contract. Included in this group are bid bonds, performance bonds, payment bonds, maintenance bonds and supply bonds.
- Subdivision Bonds - guarantee that developers will make certain "off site" or "public" land improvements in accordance with state, county or municipal specifications.
- Commercial Surety Bond - can guarantee a variety of business obligations which require surety bonds. Commercial Surety Bonds include all non-contract surety bonds, including numerous types of license and permit, miscellaneous and court bonds.
- License & Permit Bonds - guarantee that individuals granted a license or permit to operate a business or to exercise a privilege will meet the obligations under that license or permit.
- Court Bond - guarantees that an individual will comply with the terms of the court. This includes probate and fiduciary bonds, & immigration bonds.
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