Who Issues a Payment Bond?


Who Issues a Payment Bond?

A surety writes a payment bond.

A surety is an insurance company that chooses to underwrite this type of bond.

Unfortunately, these types of insurance companies don't always work directly with contractors.

This means in most cases you have to use an agency to purchase your payment bond.

But this is actually to your benefit.

Surety Bonds Direct is a specialized surety agency.

We work with some of the highest A-rated sureties to find our customers the lowest possible price for their payment bond.

Here's the process at a high level:

  • Get pricing for your payment bond
  • Purchase your bond
  • We work with the surety to issue your bond

If the project you're working on lasts longer than 12 months, you will have to renew the bond.

We will help make the renewal process fast and easy.

If you're looking for the right surety to help with your contractor bond, request a free quote today and we will help you pay less and get this process done as fast as possible.

 

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