COMMERCIAL Surety Bonds
When you need bonds and sureties to keep your business going, we can help.
When a contract requires a guarantee that performance will be delivered. OneGroup can secure that promise for you. From bid and performance to license and permit bonds, we can implement the surety for your needs.
What is a surety bond?
A surety bond is not an insurance policy, but a promise or guarantee to pay one party. Surety bonds are commonly used in various industries, including finance, real estate, hospitality, and more, to mitigate risks and ensure contractual obligations are met.
Performance and Bid Bonds: Performance and bid bonds are three-party contracts that guarantees you will complete the work according to the time frames and costs outlined in the construction agreement. Don’t let a bond hold up your project. OneGroup has a built-in bond practice with a dedicated team with specific construction industry knowledge. Our team can work to pre-qualify you to help speed up the process to prevent delays.
Labor & Material Payment Bonds: These bonds ensure that subcontractors, suppliers, and laborers are paid for their work and materials. They protect the project owner by preventing liens against the property and ensuring that all parties involved in the project are compensated.
Subdivision Bonds: These bonds guarantee that a developer will complete public infrastructure improvements (such as streets, sidewalks, and storm drains) for a subdivision project. They protect municipalities from financial harm if the developer fails to complete the required improvements.
We make it easy for you. That’s why so many people turn to OneGroup for commercial surety. Save time. Save money.
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