Payment Bonds are provided to the project owner by the contractor after a contract has been awarded.
Payment Bonds are provided to the project owner by the contractor after a contract has been awarded. The Payment Bond is a guarantee that the contractor will cover bills for specific project labor and material.. A Payment Bond also acts as a guarantee to subcontractors and suppliers for payments due from the project owner.
Do you have questions about Payment Bond?
Contact an insurance specialist at Witkemper Insurance Group and Financial Services today to answer any questions about Payment Bond or for a free review and insurance quote for Payment Bond. And don't forget, as an independent insurance agency, we represent several top rated insurance companies. We have the flexibility to find you the right coverage at competitive premiums for business, home, auto and more.
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Since 1984, Witkemper Insurance and Financial Services have been providing insurance and financial service solutions for over 40 national insurance and financial service companies across the United States.
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