Building, Mechanical & Electrical Contractor Bond
What is a Building, Mechanical & Electrical Contractor Bond?
A Building, Mechanical, and Electrical Contractor bond is designed to protect cities, states, and individuals who are harmed as a result of the principal’s noncompliance from financial loss up to the full amount of the bond. The principal must reimburse the surety for all damages paid out. In some municipalities, it is required in order to perform duties for a local or state government. The bond ensures that the contractor will abide by all local and state ordinances. If a contractor fails to execute his or her duties as agreed, they are liable to pay restitution. Contractors who are backed by a bond are preferable to many municipalities.
Purchasing Your Building, Mechanical & Electrical Contractor Bond
1. Click the Buy Now button.
2. Fill out the easy bond form.
3. Confirm your order and select how you would like your bond documents delivered. Email or regular mail.
4. Pay for your bond.
5. If you chose to have your documents emailed, you will receive them within minutes.
It’s that simple and fast!
Pricing & Terms
Surety bond costs are a percentage of the full bond amount, which is usually determined by your personal credit. Providing industry experience, strong personal credit, and business/personal financials will help lower your bond rate. Reach out for a quote today.
Bond Purchase Process
1. Find Your Bond
2. Request Quote
3. Buy Online
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Frequently Asked Questions
Looking to Get Started or Have Questions?
The bonding process can be confusing and cumbersome. Our surety bond experts are standing by and ready to answer any questions. Let’s get you bonded today!