As a construction company owner, many puzzle pieces must fit together when it comes to doing the job at hand. From dealing with the subcontractors, vendors and suppliers to making sure your client is happy with the end results, it’s a lot to take on at once. There’s also the fact of having proper coverage in place for all the different jobs you undertake. One way to ensure you have what you need is to speak with a payment bonds insurance broker in Edmonds here at American Insure-All®.
What Are Payment Bonds?
These bonds are issues most often in conjunction with a performance bond. This type of bond makes sure that the people in the contract that need to be paid will be paid. It offers assurance for those who enter into the contract to receive the agreed-upon money. This could be you as the company, the suppliers or vendors, or even subcontractors providing work on the project.
There are many types of jobs that you may bid on that require payment bonds from you to be accepted in the bidding position. Most companies won’t even entertain the bid if you don’t have the proper protections in place. That’s why you must work with a broker that can help you do just that. Talking with one of our experienced agents and brokers here can help you get all the coverage you need to move forward with the next bid.
If you need to speak with a licensed payment bonds insurance broker in Edmonds, reach out today. Call our office at (888) 411-AUTO to set up your free consultation and no-obligation estimate. We look forward to working with you on all your needs.
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.