New to Bonding

[kimswanson]

I have a commercial janitorial company, we maintain several large contracts in our local area, in our expansion plan, we are surveying the field of government contracting. A RFP that we are interested in requires a bid bond and a performance bond. Both of the local insurance agents that I visited with in my community had never had a "janitorial company" as a client for a bid bond. They were only familiar with construction contractors. Do I need to be worried that they will not shop it correctly? (for lack of a better term) or do I need a bonding company that specializes in my field? Is it common for a janitorial contract with a govt entity to require a bid bond and a performance bond? Do you write these types of bonds for my line of work? Thanks for you time.

[Admin]

I always recommend to my potential clients to deal with an agent that writes surety exclusively. Usually an insurance agent does not have the proper markets to place most business. Often, they end up brokering it to a surety bond only agency anyhow. (obviously I am a little bias, as our agency specializes in suretyship)


You can apply at: Contract Bond Applications