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Bonds are not insurance policies. They are contracts among at least three parties: 1) the customer or client who the work is being done for, 2) the individual or company who will be performing the work outlined within the contract, and 3) an insurance provider who assures the customer that the work will be completed in the event the individual or company fails to complete their contractual obligation.

There are a number of bond types that John B. Wright can assist you with, including:

*Any Federal construction contract valued at $150,000. or more requires a bond when bidding or as a condition of contract award. Most state and municipal governments, as well as private entities, have similar requirements.