Contract Surety
For over 100 years principals and financiers of construction projects have trusted Travelers Canada surety underwriting and risk management expertise to accurately assess construction risk.
Our network of regional offices across Canada enables us to understand the unique characteristics and requirements of Canada's diverse regional markets. Travelers Canada surety underwriters and risk managers work together, advocating in the industry with lobbyists, technical advisors, lenders, and clients to support our customers and their security requirements. Our team offers valuable expertise to projects of any size or level of complexity because with so much at stake, it pays to be selective when choosing your surety partner.
Who is this right for?
- General Contractors and Construction Managers
- Prime Subcontractor Trades, Mechanical and Electrical
- Road and Bridge Builders
- Paving Contractors
- Utility, Water and Sewer Line Contractors
Find what fits
Contract Surety Bonds are bonds that an owner of a construction project may require from a contractor. Contract surety bonds include:
Affords protection to a project owner (obligee) in the event a successful bidder does not enter into a contract and does not provide the required performance surety bonds or other acceptable security.
Provides protection to the obligee if the contractor defaults on its obligations under the bonded contract.
Affords protection to a project owner (obligee) in the event a successful bidder does not enter into a contract and does not provide the required performance surety bonds or other acceptable security.
Supports construction clients in their completion of Public-Private Partnerships (P3) and large infrastructure projects. P3 bonds provide performance, prequalification and protection to a construction project.
