Surety Bonds

If you need a surety bond to bid on or get hired for a new job call us. We're surety bond experts and we'll get it taken care of you... Fast!

What is a Surety Bond?
A surety bond ensures contract completion in the event of contractor default and are typically required by project owners when seeking a contractor to fulfill a contract. 

The contractor obtains a bond so the insurance company is obligated to compensate the project owner for the financial loss incurred if the work is not completed. ​

Typical Surety Bond Types

Although there are many types of bonds, the four most common types needed by business owners are:
  • Bid Bond - Ensures the bidder on a contract will enter into the contract and furnish the required payment and performance bonds if awarded the contract.
  • Payment Bond - Ensures suppliers and subcontractors are paid for work performed under the contract.
  • Performance Bond - Ensures the contract will be completed in accordance with the terms and conditions of the contract.
  • Ancillary Bond - Ensures requirements integral to the contract, but not directly performance related, are performed.


Contact us to learn more about the right surety bond for you.
(763) 797-9999
418 W 3rd Street
Red Wing, MN 55066
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