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When you're competing for new projects, you don't need bond issues to ruin your plans. Without bonding:
- You may not secure your professional license or permit to operate your business
- You are not eligible to bid on most public and many private projects
- You may not qualify as a subcontractor
Whether you need commercial, contract or subdivision bonds, BB&T Insurance Services can help. We use state-of-the-art software and a vast network of brokers to maximize your surety credit and simplify the bonding process.
The surety marketplace is complicated. We can underwrite a broad spectrum of risks, including:
- License and permit
- Performance and payment
- Release of lien
Contact one of our insurance specialists today and get the bonds you need.
Our Bonding & Surety Services team has the industry knowledge and business tools to help clients assess their risk and take advantage of bonding opportunities.
- Contract surety for service contracts, supply and non-construction performance, and payment bonds
- Court and fiduciary bonds for individuals serving as executors, trustees, administrators, guardians and conservators
- Court and litigant court bonds (plaintiff and defendant) for attachment, injunction, appeal cost and release of lien
- License and permit bonds required by statute, municipal ordinance or regulation, such as contractor license, reclamation, customs, road use and tax
- Miscellaneous bonds, including lost instrument, cable franchise and workers’ compensation
Subdivision bonds are required by the state or locality where a subdivision will be built. With subdivision bonds, the owner of a project guarantees installed improvements that are dedicated to the public, but paid for by the owner or developer. Improvements may include:
- Streets and lighting
- Houses and multi-use buildings
- Common areas, playgrounds and greenways
- Gutters and drainage ditches
With subdivision bonds, there are no surprises. Everyone is anticipating the same final product-according to a mutually agreed upon contract and schedule.