A Surety Bond is a financial promise, guaranteeing that the Principal party will fulfill an obligation to another party. These bonds are often required for risk management purposes and to maintain legitimate business operations.
The most common form of bond is that which guarantees the performance of a contractor under a construction contract called a Performance Bond. For example, a building contractor will often be required to provide three different bonds: Bidding, Performance and Payment.
Our distinct P3 SolutionTM gives you a clear commitment for service excellence, an enterprise-wide risk management plan, and trusted guidance for intelligent risk transfer. Let our surety experts assist you with writing your Bidding, Performance, Labour and Material, Fiduciary, Customs and Excise Bonds.
Contact one of our surety experts today to learn more about how the Pearson Dunn Insurance P3 SolutionTM can help you protect your organization’s most valuable assets—your people, property and profitability.