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Learn What a Surety Bond is & Why You Need One
For Commercial & Construction Lines
Surety Bonds provide financial security and construction assurance that contractors will perform the work and pay subcontractors, employees, and suppliers.
It is a risk transfer mechanism where the Surety Company assures the Obligee (Owner) that the Principal (Contractor), will perform the contract in accordance with the contract documents.
Fulcro’s approach to secure & maintain a Bonding Line of Credit includes:
- Client Qualification with the Surety
- Financial Statement Analysis (Personal & Corporate)
- Operational Reviews
- Risk Assessment
In our commitment to making insurance accessible and comprehensive for all, we’re especially dedicated to providing valuable resources in universal terms–’cause keeping a business, family, and personal life on track these days is hard enough. Stay tuned for more of the content that’ll make your life easier, and don’t forget to explore our quoting tool to discover personalized insurance solutions tailored to your needs. Let’s do this! All together now.
*Please note that the availability of this service is subject to the insurance companyʼs underwriting guidelines and thus, may not be available to all industries.