Contractors Bond (Glossary Word)
Contractors Bond
A type of surety bond for contractors. These bonds are issued by a bonding company to a contractor in exchange for a premium. These are used to assure an obligee that the contractor will perform to expectations, usually by the promise to make payments to the obligee in the event of non-performance.
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We are licensed in the following States/Provinces: Insurance licensed in Washington, California, and Idaho.
DeFranco-Merrill Insurance, Inc is independently owned and operated.
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DeFranco-Merrill Insurance, Inc is independently owned and operated.
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