3300 Hedley Road
Springfield, Illinois 62711
Phone: (217) 698-9000
Fax: (217) 698-9898
There are several types of Surety Bonds for contractors: Bid Bonds, Performance Bonds, Payment Bonds, License Bonds and Supply Bonds are a few. In general, surety bonds assure a project owner that they can rely on contractor performance, ability to make payments to certain other parties (sub-contractors, e.g.), good faith bid submissions and so on. The issuer of sureties, usually an insurance company subsidiary, investigates the abilities of a contractor and, in the event of a valid claim, will make reimbursement for non-performance according to the terms of the surety.
Information Needed for General Agreement of Indemnity:
Contact one our insurance professionals in Springfield, IL, Charleston, IL, and Virden, IL to recieve a no obligation review of your current insurance policy.
Contact an insurance agent at American Central Insurance Services today to answer any questions about getting a Contractors Bonds.
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