If you work in the construction industry or a similar industry, or own this type of business, no doubt you are familiar with the bonding and licensing of yourself or your employees. When it comes to construction, there are several different types of commercial insurance you should be holding. By law, you should hold some forms of liability and worker’s compensation insurance, but considering the nature of construction, you may want to adjust those to cover your bases more tightly. Bid bond insurance is another type that is common in construction, roofing, and the like. If you’ve been searching for the best and need a bid bonds insurance broker in Monroe, look no further than American Insure-All.
We have been in business for decades and work closely with over 40 different insurance companies to provide you the exact type of commercial insurance you need. A bid bond is essentially presented to the owner of the project or site. If your offer or contract is accepted, then you agree to abide by the terms set forth in your bid or proposal.
How does this help you? Sometimes bidding wars can occur, and it can be a close call. If you and another company are close in price, but you’ve offered the owner the guarantee of a bonded bid, you’re more likely to get the job. You are legally bound to the terms of your bid, and this is a safer investment on the part of the owner.
When you need a bid bonds insurance broker in Monroe, call American Insure-All at (888)411-AUTO to speak with a member of our professional staff. We’re here to ensure you’re properly insured.