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What is a Maintenance Bond?
As traditional bonds, maintenance bonds are purchased by contractors to protect the owner of a completed construction project. However they differ in that these types of surety bond ensure against defects and faults which could arise during warranty period for a specified time frame. Maintenance Bonds often require on state or public construction projects but less so private jobs as well.
Need a Noblesville, IN-Maintenance Bond?
We provide bonds for many different purposes, including Noblesville, IN-Maintenance Bond and more. If you're interested in a bond, we can help!
We want to make sure you get the best service possible when it comes to your bond needs. That's why we offer competitive rates and fast turnaround times on all our services. Give us a call today!
Give us a call at (913) 214-8344 or fill out our contact form online now!
Why is the Maintenance Bond required?
Businesses must purchase a bond to activate their license or permit. This guarantees that if the business fails to comply with licensing and permit laws, they will be compensated by the surety company for any damages incurred due this negligence. Have a City of Lawrence, IN-Plumbing Contractor License ($5,000) – 2 Year Bond.
How does a Maintenance Bond work?
Getting a Maintenance Bond means you agree with the entity requiring it, called the obligee. Your surety company agrees to cover for you in case your clients or public make claims against their contract and need payment from your bond. If there’s ever any problems on either side of this agreement, only then will we get involved so that both parties can be satisfied. Read a Indiana Institutional Bond.
How much does a Maintenance Bond cost?
Maintenance Bond is a type of surety bond that varies in cost and depends on the credit score of the applicant. Sometimes, personal or business financials may be required depending on what surety amount is needed for bonding purposes.
Can I get a Maintenance Bond with bad credit?
Swiftbonds offers a wide-range of approvals, regardless of credit history or bad credit. One key factor in our success is that we are able to work with 99% of applicants who have been turned down elsewhere due to their poor financial standing. Our knowledgeable underwriting staff will make sure you get the lowest possible price for your bond no matter what personal circumstances may be preventing you from getting approved for other companies' bonds. Find a Putnam County, IN-Contractor Listing Bond ($20,000).
How to get your Maintenance Bond?
Would you like to know the first step in getting your Maintenance Bond? It's super easy! Fill out our quick online application and get a no obligation quote today. Our Underwriters will contact you within an hour of submission, or come chat with them on the phone for help applying. Get a Anderson, IN-Contractor License Bond.