License bonds are required by law at the state, city, or county level. A contractor must have a license bond to obtain a license and can often be subject to a fine in the absence of securing such a license.
A Minority Business Enterprise (MBE)
A Disadvantaged Business Enterprise (DBE)
A Small Business Enterprise (SBE)
in addition to being certified as a Historically Underutilized Business (HUB), by Texas HUB.
And with our affiliation with Diversified Commercial Insurers, A&A has most insurance and bond companies available providing insurance and bonds to the construction industry.
GC’s and artisan contractors can expect to receive a full offering of insurance and bonds with expertise in:
Surety Bonds for Contractors
Surety bonds serve as a guarantee that a contractor will complete their project as presented in a contract. In the event a contractor fails to satisfy the contractual requirements laid out in the contract, the surety company reimburses the contractor’s client. Typically, the surety company expects repayment for claims, and almost always requires some form of collateral.
The four types of standard surety bonds contractors usually need are: