Surety Bonds

With Johnson & Company

While surety and some lines of insurance are similar in many respects, they are underwritten on a different premise and respond in different ways. Due to the importance of understanding the fundamental differences between the two, we offer dedicated professional surety agents to guide you to the best decision for your project and business. We, at Johnson and Company, have dealt with sureties, principals, and owners for decades and understand the complexities behind this unique risk transfer device.

What is a Surety Bond?

A surety bond is a written agreement that guarantees compliance, payment, or performance. While the definition of a surety bond is short, there are a number of different bonds for a variety of needs. At Johnson & Company we specialize in construction bonds, but also work with fiduciary, court, license and permit, public officials as well as other commercial bonds.

Serving The Construction Industry Since 1933

Surety Bonds We Write

Bid Bonds – Bid Bonds guarantee that the low bidder on a contract will enter into the contract and furnish the required performance and payment bonds.

Performance Bonds – Performance Bonds guarantee that the contractor will perform the construction contract in accordance with its terms and conditions.

Payment Bonds – Payment Bonds guarantee payment from the contractor of money to persons who furnish labor, materials equipment and/or supplies for use in the performance of the contract.

Maintenance Bonds – A maintenance bond is one that normally guarantees against defective workmanship or materials for a specified period.

Supply Bonds – This is a form of performance bond which guarantees the supplier will furnish supplies or materials as contracted.

Fiduciary Bonds – Typical bonds within this category include Administrators, Executors, Guardians, Trustees, Liquidators, and Receivers.

Court Bonds – Typical bonds within this category include Injunction, Appeal, Indemnity to Sheriff, Release of Lien Bonds, Attachment, Replevin and Admiralty bonds.

License & Permit Bonds – Typical bonds in this category include Contractor’s License, Motor Vehicle Dealer Bonds, Securities Dealers’ Blue Sky Bonds, Employment Agency Bonds, Health Spa Bonds, Grain Warehouse Bonds, Liquor Bonds, and Tax Bonds.

Public Official Bonds – This type of bond guarantees the faithful performance of duty by a public official in a position of trust. Such bonds are given to comply with the statute and, therefore, guarantee whatever liability that statute imposes. Typical bonds within this category include Treasures, Tax Collectors, Sheriffs, Constables, Judges, Court Clerks, and Notaries.

Lost Securities Bonds – A bond required by banks or other financial instrument transfer agents for persons who have lost or misplaced bond or stock certificates or a payment check.

Utility Bonds – A utility bond is a type of financial guarantee ensuring a person or organization will pay for utilities on time. Most utility companies require customers who are projected to use a large volume of utilities to be bonded before utility services are turned on. Unlike many other surety bonds that exist to protect consumers, utility bonds serve to protect utility companies by ensuring that the company receives payment.

Talk to a Dedicated Surety Agent Now

Links and Resources

  • Our Resources:

    • Bond Starter Application – Link
    • Combo Order Form – Link
    • Personal Financial Statement – Link
    • Contractor Questionnaire – Link
    • WIP Schedule – Link
Surety Bonding in Orlando, FL

Need to secure project performance and payment for your construction project? The process can be quite simple when you have an experienced team that is dedicated to their client’s needs.

Service Type: Surety Bonds

Price: $$

Currency: USD

Helping You Build With Confidence Since 1933

How Are We Different?

Experience (85+ Years)

Loyalty (25 Year Average Client Relationship)

Better Rates and Terms

Trust & Confidentiality Are Our #1 Priority

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