Knowledge is key in the world of Surety Bonds.
Commercial Bonding is sometimes confused with insurance. For clarification, bonding helps ensure that the job you’ve been hired to do is performed and that the customer is protected against losses from theft or damage done by your employees. The most common business that bonds employees are general contractors, temporary personnel agencies, janitorial companies and companies with government contracts.
Definition of Surety Bond - It is a contract between three parties: the principal (you), the surety (us) and the obligee (the entity requiring the bond). The surety financially guarantees to the obligee that the principal will act in accordance with the terms established by the bond.
At Heacock, we are experienced surety professionals with over 29 years of bonding experience. Our strength comes from the ability to handle any problem that arises in the bonding process. We have a solution for you whether you are a large national contractor or local small construction company.
We offer Poor Credit solutions in the bonding market, and we strive to make a surety fit for your circumstance.
We specialize in Contract Surety bid bonds, performance bonds, payment bonds and maintenance bonds. We also have the expertise to handle many other Commercial Bonds with in-house authority with several of our bonding company partners.