Surety Bonds

At Higgins & Rutledge, our experienced team of specialists is dedicated to quick turnaround and strives to make the process a positive experience. In these challenging times, business is dynamic and moves fast, just like us!

Bond and Financial Products

Bid & Contract

The government or an owner of a construction project may require a contractor to obtain:

BID BOND – Affords protection to a project owner (obligee) in the event a successful bidder will not enter a contract and will not provide the required surety bonds or other security.

CONTRACT BOND – Used heavily in the construction industry, are a guarantee from a Surety to a project’s owner (Obligee) that a general contractor (Principal) will adhere to the provisions of a contract

Court

Surety bonds specifically required by a U.S. Court for the protection of appeals, estates, minors, & more.

Payment & Performance

PERFORMANCE BOND – Provides protection to the obligee if the contractor defaults on its obligations under the bonded contract.

PAYMENT BOND – Guarantees that the contractor will pay subcontractor, labor and material bills associated with the construction project.

ERISA & Dishonesty Fidelity Bond

Coverage for loss of property of an Insured Retirement Plan resulting directly from dishonest or fraudulent acts committed by an Employee.

JANITORIAL SERVICE BOND

EMPLOYEE DISHONESTY BOND

License & Permit

License and permit bonds are required by certain federal, state, or municipal governments as prerequisites to receiving a license or permit to engage in certain business activities. These bonds function as a guarantee from a Surety to a government and its constituents (Obligee) that a company (Principal) will comply with an underlying statute, state law, municipal ordinance, or regulation.

RIGHT OF WAY PERMIT

SUBSURFACE SEWAGE DISPOSAL

PLUMBERS/HVAC

GENERAL CONTRACTORS LICENSE

Official Notary Bond

A notary surety bond protects the public from mistakes you make while performing your notarial duties during the term of your commission that result in damage to the public.