USA Bonding Program

Approved Surety facilitates Canadian Bonding for U.S and other foreign companies/ non-Canadian residents offering Broker access to hundreds of Miscellaneous Surety including:

  • Construction Bonds
  • Performance Bonds
  • Bid Bonds
  • Payment Bond
  • Estate Bonds
  • Bank Guarantees
  • License Bonds
  • Fiduciary Bonds
  • Customs Bonds
  • Fidelity Bonds

Approved Surety also gives Canadain insurance brokers access to USA Bonding markets that allow their Canadian contractor clients to apply for USA construction-based tender Bonds, most specifically:

SURETY’S PREQUALIFICATION LETTER

Contractors are increasingly required to prequalify with owners and architects before being permitted to tender on a job. As part of this process the contractor often must submit a letter from their surety company that they have a bond facility in place.

BID BONDS

A Bid Bond guarantees that the winning bidder will enter into a valid contract and will provide the required performance security.

AGREEMENTS TO BOND/ CONSENT TO SURETY

An Agreement to Bond commits the surety to providing Performance and Payment Bonds if the contractor is awarded the contract.

PERFORMANCE BONDS

The Performance Bond provides a financial assurance that the contractor will complete all the terms and conditions of the contract.

LABOUR & MATERIAL PAYMENT BONDS

The Labour and Material Payment Bond provides a financial assurance that the contractor will pay parties who have worked on or supplied to a bonded contract.

MAINTENANCE BONDS

A Maintenance Bond will guarantee that the contractor will comply with the warranty (guaranteed maintenance) provisions of the contract. Note that a performance bond guarantees all the provisions of the contract, so a separate maintenance bond is usually not required.

BROKER/AGENT INQUIRY FORM

If you would like to discuss Bonding or inquire about a quote, please fill out this form and we will get back to you as soon as possible.