Contractor Surety Bonds

At Brooks Commercial Insurance Services, we specialize in the two primary categories of contractor bonds: License Bonds and Contract Bonds. These bonds help contractors stay compliant, win jobs, and build trust with clients and project owners.

Below is a simple breakdown of the main types of bonds we provide.

Contractor License Bonds

Contractor License Bonds guarantee that a contractor will follow state contractor license laws and operate ethically and legally. Many states require this bond to obtain and maintain a contractor’s license.

These bonds are designed to protect:

• Consumers

• Employees

• Subcontractors

• Anyone owed money, labor, or wages

A License Bond ensures that contractors comply with state regulations and perform work in an honest, lawful manner.

Contract Bonds

Payment Bonds

A Contractor Payment Bond guarantees that all laborers, subcontractors, and suppliers will be paid for their work and materials. This protects the project from financial disputes and ensures everyone on the job gets paid.

Payment Bonds are commonly issued together with Performance Bonds as a combined Performance & Payment Bond package.

Performance Bonds

Performance Bonds guarantee that a contractor will complete a project according to the terms, specifications, and conditions of the contract. If the contractor fails to perform, the bond provides financial protection to the project owner.

Performance Bonds are typically required immediately after a contractor is awarded a job and are usually paired with Payment Bonds.

Bid Bonds

Bid Bonds provide security on a contractor’s bid for a project. They guarantee that the contractor will enter into the contract at the bid price if awarded the job. Without proper bond security, a bid may be rejected.

If a winning bidder refuses to move forward with the contract, the bond amount may be forfeited.

Helping Contractors Stay Compliant & Competitive

Whether you’re securing your contractor license or bidding on large commercial projects, Brooks Commercial Insurance Services can help you get the bonds you need quickly and affordably. We work with contractors of all trades and sizes—new and experienced—to keep your business moving forward.