Bond
We’re here to protect your business!
Company sectors
We're here to protect your business!
A surety bond is an agreement whereby the endorser (usually an insurance company) guarantees to the obligee (usually the client) that the principal (the contractor) will perform the work and fulfill his obligations as described in the contract.
In itself, surety bonds are more of a financial tool than an insurance product. Unlike an insurance contract, a surety bond always involves three parties: the endorser, the beneficiary and the principal debtor.
Contract bonds
They are used to guarantee the performance of contracts and are ideal for :
- general contractors;
- subcontractors;
- service contractors;
- heavy machinery contractors;
- suppliers;
- manufacturers;
- specialized contractors.
Directors' bonds
Miscellaneous guarantees
Bonds for lost documents
Bonding services for every business sector
No matter what sector your commercial lines customers are in, you can provide them with bonding solutions that meet their exact requirements.
Are you a service company?
Bonding* is essential for your customers who run a business that deals with the public, such as a travel agency, a health studio, a driving school, a private educational institution, an investigation or security agency, and so on. It’s up to you to anticipate their needs!
Building contractor
For general contractors or subcontractors, surety bonds help build customer confidence when constructing a building. You can provide your customers in the construction industry with the surety bonds they need to :
- obtaining a license from the Régie du bâtiment du Québec or exercising the warranty on new residential buildings;
- the execution of work;
- a bid or letter of intent;
- payment for labor and materials;
- correction of construction deficiencies and defects.
Environmental site manager
The operator of a quarry, sandpit, landfill or waste disposal site may need a bond to obtain a license guaranteeing that the site will eventually be restored to its pre-operational condition. You’ll know how to respond to their concerns!
Transport company
Companies in the transportation sector are sometimes in need of surety bonds to obtain a mandate to transport schoolchildren, adapted children or social and leisure groups, or to pay customs duties. You can help!
Vehicle trade
You can offer your customers who deal in new or used vehicles the bond required by the Société de l’assurance automobile du Québec to obtain their license.
Contact one of our brokers immediately to obtain your bond.