Bonds in Georgia

Every business owner's primary objective should be to ensure that your Fayetteville, GA company runs smoothly on a day-to-day basis. However, there will be some cases where your business's performance might need special care to guarantee that you, as the principal, are living up to the expectations set.

This is where bond insurance comes in.

At Strickland Advisory Group Inc., bond insurance is a specialized form of surety coverage that protects Georgia contractors, developers, and small businesses from project completion or financial default risks.

Types of Surety Bonds

We offer our Georgia business customers several bond options, including:

• Performance and Payment Bonds are designed to protect property owners and municipalities from financial loss should a contractor fail to complete a construction project or if they fail to pay their subcontractors and suppliers.
• Contractor Bonds protect the property owner from substandard workmanship or damage caused by the contractor during the project.
• Sub-Division Bonds are written for developers who want to provide evidence of their financial ability to develop a subdivision according to local ordinances and building codes.
• Court Bonds are most often required by litigants when filing lawsuits or appeals to eliminate the potential for waste or fraud.
• Developer/Contractor Default Insurance protects lenders from loss if a developer defaults on their loan or a contractor abandons a construction project.

When you obtain bond insurance, our Strickland Advisory Group Inc. team works with the obligee to develop specific language for your contract so that all parties understand the terms of the agreement. This type of insurance is a specialized form of surety coverage that protects contractors, developers, and small businesses from project completion or financial default risks. If you have questions about whether bond insurance is right for your Fayetteville, GA business, please get in touch with us today for more information.