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What a bond does
A surety bond is generally an agreement involving the contractor, the party protected by the bond, and the surety. Requirements depend on the project or license.
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Contractor bonds in Santa Fe, NM
Explore contractor surety bonds used for licensing, permitting and certain contractual obligations.
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Coverage that fits your situation.
A contractor bond is not the same as liability insurance. A surety bond can provide a form of financial assurance to a project owner, customer or licensing authority.
Your eligibility, coverage, exclusions and pricing depend on the insurer and your circumstances. Talk to our Santa Fe team to review the details before choosing a policy.
INSURANCE DETAILS
Coverage details worth understanding
Compare policy terms, limits and deductibles. These are general descriptions, not a statement of specific benefits or availability.
02
Licensing and contract needs
Different jurisdictions and contracts require different bond amounts, forms and terms. We can discuss options for the bond you have been asked to provide.
03
Rates and eligibility
Premiums can depend on bond type, amount, financial details and underwriting. Avoid assuming one bond amount or price fits every contractor.
HELPFUL ANSWERS
Common questions
Have questions about your own situation? A local agent can help you explore the details.
Talk to our team →Is a bond the same as business insurance?
No. They serve different purposes, and a surety may seek reimbursement from the contractor for paid claims.
How much bond coverage do I need?
Use the requirement specified by the authority or contracting party, then ask us about availability.
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Family Insurance Group has served the Santa Fe area since 2010. Our team is ready to discuss coverage options for you.