Payment Bond Description

Payment Bond

What is a Payment Bond?

A payment bond guarantees payment to laborers, suppliers, and subcontractors in the event of the contractor defaulting. Typically, a payment bond is issued with the performance bond, termed a "Performance & Payment Bond".

Bid & Performance Bonds

For Contractors - To obtain a contract bond or bond line start here. We'll do a quick review and let you know what additional information we will need. Click Here to apply or Click Here to learn more about Contract Bonds.

License & Permit Bonds

For Businesses & Individuals - To obtain a license, permit or misc. bond start here. We'll do a quick review and let you know what additional information we will need. POOR CREDIT IS NO PROBLEM! Click here to apply.

Fidelity Bonds

For Businesses - To help you obtain the fidelity bond you need start here. We'll do a quick review and let you know if we can write your bond, the approximate rate, and what additional information we will need. Click here to apply.

Agents & Brokers

For Agents & Brokers - The Bond Agency offers its bond markets and expertise to Agents and Brokers. We can help you place bonds for your contractor and business clients. Click Here to access our Agents and Brokers page.