Performance bonds are here to guarantee to the project owner that you as a contractor will perform and will complete a construction project as agreed upon contract. If you fail to complete the project, the owner can file a claim on the performance bond. If the claim is found to be valid, the surety company that issued the performance bond will make sure the you compensate the harmed party. KTL Business Insurance agency has helped many contractors in obtaining performance bonds in the states of California, Arizona and Nevada over the past 20yrs in the industry. We understand the process of securing a bond can feel overwhelming. Our experienced KTL Business Insurance agents are ready to assist you. Contact us today and let us help you get started with a free, no-obligation quote for your performance bond.
Your premium will vary for a number of reasons including the project's bid amount, your financial credentials and your past work history. At KTL Business insurance we understand your business, because of that we can quickly provide you performance bonds insurance for your project. Call us today and our friendly agent will find you the best rate among AM Best rated companies so you can feel confident that you have a partner in ensuring that you are covered by top national A rating insurance carrier.
Other types of bonds
Performance bonds are important for lowering the risks associated with many types of construction projects-and in the case of public projects, these bonds are often legally required. On a federal construction project, the Miller Act requires the prime contractor to hold a performance bond (along with a bid bond and payment bond) if the project exceeds $100,000. In addition, each state has adopted most of the same bond requirements for public projects under their own "Little Miller Acts." Requirements will vary by location for state and local jobs. While performance bonds are typically not required on private projects, they are common on large and complex commercial jobs. You need to make sure that your performance bond is issued by an approved corporate surety. Call us today and our highly trained KTL Insurance agent will give you a fast review of the contract and get you the performance bond from A rated insurance company at a surprisingly affordable price.
Since 2002 KTL Business Insurance, based in San Diego, California, has provided insurance coverage for businesses throughout California and Nevada. Utilizing our extensive coverage options, KTL Insurance customizes each policy to address and eliminate risks unique to each business. Whether your business needs general liability, product liability, workers compensation, professional liability or property coverage, KTL will provide a well-designed policy with professional service and care.
You Can't Underestimate The Importance Of
Making Sure You Have The Correct Policy For Your Business. KTL Insurance Ensures You Don't Have Any Surprises And You Can Focus On Your Core Business Of Auto Repair. Let A Professional KTL Agent Give You A Fast Analysis And Quote To Make Sure You Are Properly Covered At The Best Rate Available.
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You're considered an important part of our company, we are here to serve you each year like its your first.
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Selling business insurance policies to Manufacturers, Consultants, Restaurants, Contractors, Wholesale and Retail, Lawyers, Engineers, Physician Building Owners and a variety of Business Insurance from AM Best "A" Rated Carriers offering General Liability, Worker's Comp, Errors and Omissions, Professional Liability, Commercial Auto and Building and Inventory coverages.
