- Brad Steinbach, Mayville Insurance Agency, Inc.

Contract Surety Bonds

Building Contractors cannot survive by reputation alone. Confidence and credentials on paper are a necessity parallel to quality work. Surety Bonds assure a building project owner that a contractor possesses the qualifications to perform the work. They also serve as an assurance the contractor will pay their subcontractors, laborers and material suppliers, thus leaving the project owner free and clear of any incidental debts or problems during or after the project.

Bid Bonds

Bid Bonds indicate that a good faith bid has been submitted and the contractor means to enter into the contract at the bid price.

Performance Bonds

Performance Bonds cover the project owner should the contractor's inability to complete the work result in financial loss.

Payment Bonds

Payment Bonds are reassurance the contractor will pay subcontractors, laborers and material suppliers.

Maintenance Bonds

Maintenance Bonds guarantee a specific timeframe in which defective workmanship will be covered.

Subdivision Bonds

Subdivision Bonds are commitments to a city, county or state that the principle will finance all required improvements such as street, sidewalk, sewer, etc.