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Surety Bonds in Atlanta and Sandy Springs, GA
Bonds for Businesses Throughout Atlanta, Georgia
Every business has different insurance and surety bond needs. Your business is unique and deserves the right kind of bonds to protect your assets and possible clientele. Surety bonds can protect you from lawsuits as well as offer protection for your clients.
Atlantic International Company of Georgia
provides bonds for businesses across a wide variety of industries and sizes. We strive to be a trusted source of insurance and bonds that you can turn to when you need extra coverage or want your questions answered.
Surety Bonds We Offer
There are hundreds of surety bonds available for businesses across industries and sizes, each geared for a specific purpose. Some of the many surety bonds we offer business owners include:
A performance bond serves as a guarantee that a party will complete a project as specified through an agreed contract. For example, if you are a contractor hired to perform work, the client may require you to purchase a performance bond. This bond will cover expenses for the client in case you are unable to perform the work according to the contract.
Payment bonds guarantee that a contractor’s subcontractors and laborers will all receive payment for their work. These bonds often come along with performance bonds.
Businesses utilize completion bonds to guarantee the completion or compensation for a lack of completion on a project. This can apply for construction projects, but it also applies to unfinished films and video games.
What is the Difference Between a Bond and Insurance?
While there are some similarities between surety bonds and insurance, there are specific differences, as well. As a business owner, you can purchase an insurance policy to directly protect certain aspects of your business. This is a two-party contract that protects your assets. A surety bond, on the other hand, is a three-way contract between the business owner, the surety, and the client. The surety will pay compensation in case the business owner cannot honor the bond.
Get a Surety Bond Today
If your business needs a surety bond, choose an insurer you can trust. Call Atlantic International Company of Georgia at (770) 452-6646 or fill out an online quote form to get started today.
Common Surety Bond Questions
What is a Bond for a Business?
A bond is an agreement between you, a surety and often a client. Different types of bonds are geared to protect your business (and your clients) in different ways, from guaranteeing payment to making sure projects are completed on time.
How Does Bond Insurance Work?
When you purchase a surety bond, you are making a contract between you, a surety and your client. If you violate the rules of a contract, a surety will pay compensation to the required party. The surety can then seek compensation from your business.
Are Bonds Required?
In certain industries, bond may be required. Restaurants, for example, are often required to carry bonds in order to legally sell liquor. Other bonds, like construction bonds, are required by clients in order to proceed with a project.