Contract Surety Bonds
Contract surety bonds provide financial security and construction assurance on building and construction projects. They guarantee to the project owner (obligee) that the contractor (principal) is qualified to perform the work and will pay certain subcontractors, laborers and material suppliers. If the contractor defaults, the surety guarantees that the obligations will be met.
Merchants issues contract surety bonds through a wide network of appointed insurance agents across the nation. If you’re in need of a surety bond, reach out to an independent insurance agent near you.
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