Bid Bonds Insurance Broker in Edmonds

If you work in the construction industry, then you are likely looking for an experienced, professional, and reputable bid bond insurance broker to help them with contract management. Although the term “bonds” seems like something that you would need to go to the bank for, bond insurance works a little differently. Bond insurance is a type of insurance, but for construction companies who need to purchase insurance in order to protect themselves – and a developer – after bidding for a project. Similar to taking out a loan, bond insurance is a process that involves working with credit-worthy entities. This protects investors in the event that the bond purchaser defaults on principal payments. To learn more about how bid bond insurance works, or why your business needs it, then call the team at American Insure-All® today for a bid bonds insurance broker in Edmonds.

Working with a reputable and experienced bid bonds insurance broker in Bothell can help businesses understands both sides of a contract before entering an agreement. Bid bond insurance is also known as a surety bond, which is a risk mitigation tool or a form of credit for contractors and developers.

Consider an example: A developer receives a bid from a contractor for a project. In order to ensure that the contractor holds up his or her end of the bargain and sticking to the quoted price, the contractor will purchase bond insurance, which protects the developer from paying a higher amount than what was originally quoted. Bid bonds also require the contractor to secure other necessary means of performance and payment bonds as required throughout the project in order to guarantee his or her work.

For more information on bid bonds for construction, performance bonds, surety bonds, or to speak with a qualified broker, call American Insure-All® today at (888)411-AUTO for a bid bonds insurance broker in Edmonds.

When our previous insurance provider decided to make a change in our career we were a little anxious. We had become accustomed to being on a first-name basis and getting quick responses to our requests. Little did we know at the time we had nothing to worry about as American Insure-All has more than met our previous expectations. Don and his team have been quick to respond to our needs and provide us with the peace of mind that we were looking for in a provider.

Andy Omsen

We switched to American Insure-All many years ago and Don has always taken great care of all our needs. He has always been honest, fair, and very timely with each policy request. American Insure-All is a pleasure to deal with and we highly recommend them.

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I highly recommend this agency for any insurance policy you may need. Don was very helpful with my new policies with American Insure-All. He saved me about $200 per month. The insurance company I was previously with was super expensive. The best thing I ever did was switch to American Insure-All.

Yannie Villavicencio

I can't say enough about American Insure-All and the services they have provided both myself and my referred clients over the past decades. As a real estate broker for over 30 years, I utilize many vendors and service companies, but the people at American Insure-All are at the top of our list. The level of trust they have earned from us is second to none. They are incredibly responsive to our client's needs but more importantly, we can trust the council that they offer our clients.

Shriram Dholpur

We have been working with Don for about 15 years and won't even consider making any changes. He's been super responsive and it's always a pleasure to work with him whether we have a question or need to update a policy, etc.

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