COMMERCIAL Surety Bonds
When you need bonds and sureties to keep your business going, we’re here for you.
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 construction, 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.
OneGroup Expands Surety Practice, Adds Kelly and Chris Shea to Growing WNY Team
OneGroup expanded its surety practice with the addition of Kelly and Chris Shea, adding 75 years of combined experience to support client growth and risk management.
How to Ensure Timely Completion of Construction Projects: Strategies, Bonds, and Accountability
In the construction industry, delivering projects on time is more than a goal—it’s a necessity. Timely completion not only ensures client satisfaction but also protects contractors from financial penalties and reputational damage.
The Future Outlook of Surety Bonding in New York & Pennsylvania
As we move further into 2025, the surety bonding market in New York and Pennsylvania is poised for significant growth and transformation. Driven by economic, legislative, and technological factors, the future of surety bonding in these states presents both opportunities and challenges for contractors, surety companies, and stakeholders.
