Contract Surety Bonds

Contract Surety Solutions

At IAT Insurance Group, our Contract Surety line offers bonds that provide peace of mind for contractors and project owners alike.

As one of the largest domestic privately-held surety carriers, we specialize in providing bonds through our Contract Surety unit to meet the diverse needs of both small and mid-sized contractors, including general contractors, subcontractors, and specialty trade contractors.

 

What do Contract Surety Bonds do?

Bonds offered through IAT’s Contract Surety unit serve as an agreement that guarantees a contractor's performance in fulfilling contractual obligations. By securing this bond, contractors demonstrate their reliability and commitment to project completion, providing confidence to project owners and stakeholders.

Highlights

We offer a broad range of Contract Surety solutions tailored to various industries and project sizes. Our work programs support single jobs up to $75 million and aggregate programs up to $150 million, with the flexibility to extend limits when warranted by individual circumstances. We pride ourselves on our ability to establish strong relationships with agents and clients, enabling us to provide personalized service and expertise in underwriting.

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Surety Bonds

Target Classes

Our bond types are designed to support a variety of target classes, including:

Frequently Asked Questions

Contract Surety Bonds typically cover obligations related to project performance and payment. Common bond types include:

  • Bid bonds
  • Performance bonds
  • Payment bonds
  • Maintenance bonds
  • Supply bonds

Contract Surety Bonds are frequently required for:

  • Federal construction projects
  • State and municipal public works
  • Infrastructure and transportation projects
  • School and government construction
  • Certain private construction contracts
  • Large commercial developments

Contractors can strengthen their bonding profile by:

  • Maintaining strong financial controls
  • Building working capital
  • Completing projects successfully
  • Managing backlog appropriately
  • Maintaining organized financial reporting
  • Developing strong banking relationships
  • Communicating proactively with their surety partner
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Partner with IAT Insurance Group

When you partner with IAT Insurance Group, you gain access to a team that values long-term relationships and is committed to delivering flexible, reliable surety solutions. Our experienced professionals understand the intricacies of various markets, allowing us to evaluate each bond request on its individual merits. With a $80M+ T-Listing, we provide the stability and expertise clients can trust.