Surety Bonds

A surety bond is an agreement in which the endorser (usually an insurance company) guarantees the obligee (usually the client) that the principal (the contractor) will perform the work and fulfill all of its contractual obligations.

As such, a surety bond is more a financial tool than an insurance product. Unlike insurance contracts, surety bonds always involve three parties: the endorser, the obligee and the principal.

  Contract Bonds

They guarantee the performance of contracts and are expressly designed for:

  • General contractors
  • Sub-contractors
  • Service contractors
  • Heavy-equipment contractors
  • Suppliers
  • Manufacturers
  • Specialty contractors

  Administration Bonds

They guarantee the faithful and honest administration of estates by court-appointed individuals (administrators, guardians, committees and executors).

  Miscellaneous Surety Bonds

They guarantee the obligations mandated by the various levels of government, and include:

  • Licence and permit bonds
  • Customs and excise bonds


  Lost Document Bonds

They are for businesses that issue replacement documents when stock certificates and bonds issued by public authorities or private or Crown Corporations are lost, misplaced, stolen or destroyed.

Surety bonds for each activity sector

No matter the activity sector of your business insurance customers, you can make surety solutions available to them that specifically meet their requirements.

Service businesses
Surety bonds* are indispensable for customers who operate a business that deals with the public, for example, a travel agency, health studio, driving school, private educational institution, investigation or security firm, etc. It’s up to you to look out for their needs!

Building contractor

For general contractors or subcontractors, the surety bonds helps build customer confidence in the construction of a building. You can provide your clients in the field of building the necessary security :

  • To obtain a license from the Régie du bâtiment du Québec or provide the Régie's new residential building warranty
  • Performance Bonds for completion of work
  • Bid Bonds, letters of intent
  • Labour and Material Payment Bonds
  • Maintenance Bonds for correcting construction defects

Environmental site managers

The operator of a quarry, sandpit, landfill, waste disposal or other environmental site, may need a surety bond to obtain a licence guaranteeing that the site will be returned to its original condition once operations have ceased. You can respond to their concerns!

Transportation companies

Transportation companies sometimes require surety bonds to be able to bid on school bus contracts, provide adapted transport service or transport for social clubs and recreational groups, or for payment of customs duties. You can help them!

Car dealers

You can offer your customers who sell new or used automobiles the surety bond required for them to get their licence from the Société de l'assurance automobile du Québec.

Immediately contact one of our brokers to get your bond quickly.