Seaman’s Insurance Group’s International Surety Bond is your Premier International Surety Bond agency proudly headquartered in the oldest city in the USA. With access to many Surety Companies we are here to assist you with all of your Surety needs. Whether you need a performance bond in the U.S.A. or are a company working internationally, we are here to help you with your domestic and International Surety Bonds.
We’re experts in the field of International Surety Bonds, and it’s our mission to get you the bond that you need quickly and efficiently.
International Surety Bonds
Seaman’s Insurance Group, Florida’s Premier Boutique Independent Insurance Agency is your International Surety Bonds guru. If you are in need of a International Surety Bond, we are here to help. The owner of Seaman’s Insurance Group has experience underwriting bonds, handling Surety Bond Claim files in addition to selling and shopping for your Surety Bond needs. No other agency owner has this Surety Bond experience. Matt is eager to use his Knowledge and Experience to help you with all of your Surety Bond needs! Contact Us Today! Having been in the surety and insurance industry since 1994 we can boast unmatched experience, knowledge and Expertise. Seaman’s Insurance Group is your one stop shop for all of your international surety bond needs anywhere in Florida and beyond.
International Surety Bonds are a three-party agreement between a principal, an obligee, and a surety.
- Principal: the one who needs the bond
- Obligee: the one who requires the bond and is protected by the bond
- Surety: the one who issues the bond
International Performance Bonds Florida
We are here to help with all of your performance bond needs.
A Bid Bond is a type of construction bond that protects the owner/ developer in the construction bidding process. It is a guarantee that the bidder, provides to the project owner to ensure that if you fail to honor the terms of the bid, the owner will be compensated. A bid bond purchased from St Augustine Florida’s Premier Boutique Independent Insurance agency and local Surety Bond expert, helps guarantee that a contractor is financially stable and has the necessary resources to take on a project. Bid bonds are commonly required on projects that also involve performance bids and payment bonds. For help with your St Augustine Bid Bond or Jacksonville Bid Bond, or even Florida Bid Bond, we are here to help!
An International Performance Bond, aka an International Contract Bond is a type of International Surety Bond where the International Surety guarantees that a contractor will complete a project up to a level of expectation (satisfaction) of specifications in a contract. The types of jobs that a contractor would need a Performance Bond (Contract Bond) are jobs that require a Bid Bond.
Contract Surety Bonds
International Contract Surety Bonds that are written for construction projects are called contract surety bonds or Contract Bonds. A project owner looks for a contractor to complete a project or complete a contract. The contractor would come to Seaman’s Insurance Group who, finds the appropriate surety bond from a surety company. If the contractor were to defaults the surety company would find another contractor to complete the contract or compensate the project owner for the financial loss. Contact us today for your Florida Contract Bond, St Augustine Contract Bond or Jacksonville Contract Bond.
There are four types of contract surety bonds:
- International Bid Bond: Provides protection if a bidder is awarded a contract but fails to sign the contract or provide the required performance and payment bonds.
- International Performance Bond: Provides a guarantee that if a contractor defaults, the surety will step in to compensate or ensure the project is completed.
- International Payment Bond: Ensures that subcontractors and suppliers will be paid for labor and materials for a particular a construction contract.
- International Warranty Bond (aka a Maintenance Bond): Guarantees the that workmanship and material defects found in the original construction will be repaired during the warranty period.