Contractors & Bonds

Professional Risk Planners, Inc. offers contract bonds for contractors who have contractual obligations to perform work or services for others. Contract surety bonds are used to guarantee that a business entity will fulfill the performance and payment terms of a contract.

Types of Bonds

• Bid Bond:  A bond guaranteeing that the bidder will provide a performance and payment bond if they are the low bidder.​
• Maintenance Bond:  Bonds that guarantees completed work will be free of defects for a specified period of time.
• Performance & Payment Bonds:  Bonds that guarantee completion and payment per the terms of the contract.
• Subdivision Bond / Site-Improvement Bonds:  Bonds that guarantee a developer will make the additions/improvements as agreed upon in the developer's agreement.
• Supply Bond:  Bond that ensures materials will be delivered per the terms of the contract.