Surety Bonds Markets

TJM Insurance Services also has markets for your Surety Bonds Requirements:

Surety Bonds we provide
Contract Bonds
Performance Bonds
Bid Bonds
Payment Bonds
Permit Bonds
Miscellaneous Bonds
Subdivision Bonds
License Bonds
Contract Bonds

Bid Bonds: A bid bond is provided to the Obligee/Owner from the contractor in order to give assurance that if the contractor is the successful bidder the contractor can provide a payment and/or performance bond.

Performance Bonds: A bond which promises that the terms of a contract, or some of them, will be performed by the Principal/Contractor.

Payment Bonds: A bond which promises to pay some or all of the persons who provide material, labor, or services for prosecution of a contract.

Subdivision Bonds: Subdivision bonds are different from the more common performance bonds used for construction projects. With subdivision bonds, the owner of the project provides bonds to the public agency to guarantee the installation of improvements that will ultimately be dedicated to the public but paid for by the owner/developer.

Miscellaneous Bonds:
License and permit bonds are those required by state law, municipal ordinance, or by regulation and in some instances by the federal government or its agencies.