Assurance for You and Your Business
Owning a business means taking risks. At Davis & Madden Insurance Agency, Inc., we offer a variety of bond and license services to ensure that your business is protected. While there are many Bonds from which to choose, they can be issued for an extensively wide range of circumstances, and choosing the right bond to suit your needs can be a difficult task.
The professional and knowledgeable bond specialists at Davis & Madden Insurance Agency, Inc. will work with you to develop a business solution to help meet all of your bonding goals. In addition to providing quality surety products, we also provide various licensing and permit services to ensure that your business runs to the letter of the law.
Contactor Bonds
A surety bond is your word. When you obtain a contractor bond, you’re entering into a legal obligation that guarantees you’ll perform your work according to your contract while adhering to the rules and regulations of your contractor license.
License Bond
Get your license bond quickly so you can obtain or maintain your contractor license. A license bond is required in most states, and it’s your guarantee that you won’t violate any state law regulations.
Bid Bond
Bid bonds are intended to keep frivolous bidders out of the bidding process by guaranteeing that the successful bidder will enter the contract and provide the required contract bonds. Bid bonds keep the bidding process fair for everyone.
Performance Bond
Contractor performance bonds ensure you’ll live up to your end of a contract and complete construction in the time and manner agreed upon. Also known as a contract bond, performance bonds are required by law for public construction projects.
Payment Bond
Contractor payment bonds protect subcontractors, laborers, and materials suppliers against non-payment. Payment bonds are also a type of contract bond required by law for work on public projects.
Contractor bonds protect your reputation by ensuring you honor your commitments and contracts, and in most instances are a necessity for obtaining your license. We can get you the necessary bonds for your needs, so you can get to work fast.