ConstructionBond is Canadian broker website that connects business owners, construction companies, and contractors to surety bond providers across Canada.
We work with public and private insurance and surety companies across all Canadian provides that provide the best bond packages.
How ConstructionBond works:
- You submit a request on our website.
- We review your insurance Bond & or Insurance Requirements.
- Our team connects you with a licensed insurance broker that specializes and has extensive experience working with your industry.
- The assigned broker contacts you to help you get started with attaining the bonding or insurance you need!
We are NOT licensed brokers. Our job is to connect you with a broker that is an active license holder with RIBO (Registered Insurance Brokers of Ontario).
To visit RIBO’s website – Click here
To check the status of your assigned broker – Click here
The turn around time from you knocking on our door to having a surety bond (Contract bond) issued is between 3-24 hours for most of our providers/brokers that we work with. We help companies across Canada get bonded and our surety providers specialize with this type of business. Not only do we provide the initial guidance and assistance for obtaining the bonds, we take it a step further and make encourage the brokers assigned to you to provide on going support in the event you need multiple bonds or higher amounts of bonding limits.
Our insurance companies and surety providers such as Intact insurance, Travelers, and more are listed as TIER 1 markets and have top ratings which can be checked at A.M. Best Rating Service.
Being in this industry has allowed us to build tremendous relationships with bonding brokerages and Surety Markets that are fully licensed and governed by their provincial regulation.
The brokers we work with have facility limits ranging from $25,000 to $50,000,000. So no job is too big or too small. Saying that, we can arrange for higher limits if need be.
Our in house procedures allow us to connect you to a brokerage and turn around bond requests within the same day for the most competitive prices, provided we all documentation required is completed and presented to your broker. To read more about obtaining a surety bond in Canada, click here.