Here at TexCap, we don’t just provide insurance to protect your business. We also offer bonds to support your business obligations.
We offer surety bonds, which are financial guarantees between you (the contractor) and a third-party. Bonds ensure that any contracts or other business deals you and a third-party agree upon will be fulfilled, and that in the event of broken terms, the harmed party can make a claim on the bond.
IS BONDING THE SAME AS INSURANCE?
Though bonds are an important risk management product for many businesses, they are not considered insurance. Unlike insurance, surety bonds protect another party while insurance protects you. However, surety bonds are just as important as insurance in many industries, particularly in construction, and can oftentimes be required for certain projects.
TYPES OF SURETY BONDS INCLUDE:
- License and permit bonds
- Construction bonds
- Commercial bonds
- Court bonds
At TexCap, we offer flexibility by providing both one-shot bonds and the ability to build a bonding program for your business. For more information, please contact us.