Surety Bonds

Surety Bonds

Business People Walking Along

This “coverage” is actually a line of credit or a guarantee issued to a company by a surety bonding company. The surety company is a third party to a contract that would provide payment in the event that the company providing service fails to live up to its obligation.

Surety bonds are usually used by contractors and required for large projects or state and federally funded projects.

There are two types of bond, a “bid” bond and a “performance” bond. One guarantees the contractor will undertake the project at the quoted price and the other that the contractor will complete the project.

JWA has relationships with bonding companies that can guarantee the proper structure of both a bid and a performance bond.

John Wiltshire Insurance Agency offers Surety Bonds for the greater New York City area. For Surety Bonds in NYC, Brooklyn, Queens, Staten Island or the Bronx, JWA has a Surety Bonds customized for your needs. We also provide Surety Bonds for Long Island, Westchester, and the Hamptons. JWA Surety Bonds on Long Island, Westchester, and the Hamptons provide protection and peace of mind. Contact John Wiltshire Agency for Surety Bonds in New York City including NYC, Brooklyn and Queens, Westchester, Long Island and the Hamptons.