by Commercial Insurance Associates
Surety bonds are designed to guarantee performance in the face of a set of particular risks. Each surety bond must be uniquely tailored to meet specific needs. Commercial Insurance Associates provides surety bonding for contractors in Wilmington, Dover, Georgetown, & all over the State of Delaware.
THE MOST COMMON TYPES OF SURETY ARE:
Contract Surety Bonds
Contract Surety Bonds are bonds that the government or an owner of a construction project may require a contractor to obtain. If you are bidding a job for DelDOT, Sussex County, or any local government such as the City of Wilmington, you will need a contact surety bond. There are three types of contract surety bonds:
Commercial Surety Bonds
Commercial Surety Bonds are required of individuals or businesses by the government, legislation or by other entities. Commercial Insurance Associates provides the following types of commercial surety bonds:
Who Needs a Surety Bond?
Contractors licensed in the following Delaware municipalities are required to be bonded in order to renew their license:
Commercial Insurance Associates has access to bond markets all over Delaware, Maryland, Pennsylvania, and more. Do you need to renew your contractor's license? Are you pulling permits for a local government? If you are a contractor who bids government jobs, have you shopped your bond rates recently? Call or text us at 302-286-7901 to learn more about our surety bonding services.