Performance Bonds are provided by contractors to project owners after a contractor is awarded a bid (Performance Bonds are often preceded by Bid Bonds). The Performance Bond is a guarantee that the contractor will perform according to the project contract's terms and specifications. The amount of the bond will vary but in many cases it will equal the full contract amount.
Contact an insurance agent at Litaker Insurance today to answer any questions about getting a Performance Bond. And don't forget, as an independent insurance agency, we represent several top rated insurance companies. We have the flexibility to help you find coverage at competitive premiums for business, home, auto, and more.
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