There are dozens of different types of bonds which are divided into a 3 different categories:

  1. Contract/Construction bonds
  2. Developer bonds
  3. Government bonds


When any government or large company hires a contractor, they will usually require that the contractor secure a construction bond. The bond is the contractor’s guarantee to the obligee that he will perform as promised. If the contractor (the principal) should fail to perform, the surety company will pay out damages to the obligee. The surety company will then recover the amount of the claim from the contractor plus costs.

BID BOND: A bid bond may be required of a contractor in order to submit a bid for a project. The bid bond protects the obligee in the event that the winning contractor is unable to take the job after securing the bid reimburses them the difference between the principal’s bid and the next lowest bidder.

If the contractor has the winning bid, the bid bond will convert into a PERFORMANCE BOND which guarantees that the job will be completed.


Types of Construction/Contract Bonds we provide:


Frequently asked questions regarding bid bonds


Frequently asked questions regarding performance bonds



Are you taking on a condominium project in Canada? Then you need to acquire developer surety bonds to meet Tarion’s requirements and satisfy your purchasers.


Types of developer surety bonds we offer:



No matter your industry, we can help simplify the bond acquisition process. Whether you’re a freight forwarder, business owner, executor or otherwise, we’ll connect directly to a leading government bonds provider. Types of government bonds we offer:



These bonds are required by governments and municipalities in order to satisfy working requirements. The purpose of this bond is to provide protection to the public along with ensuring compliance for respective industries.


Types of license bonds we provide:



These bonds provide protection in legal proceedings to the respective parties.


Types of court bonds we provide:

  • Appeal Bond – Acquired prior to appealing a court’s judgment to have it overturned.
  • Executor Bond (Administration Bond) – Protects victims against fiduciary dishonesty and misconduct.
  • Probate Bond – Protects the interest of the obligee by demanding the principal to be bonded.
  • Guardianship Bond – Acquired by an individual that wishes to be a guardian of another individual.
  • Notary Bond – Acquired by notaries to protect their signers.


Any bond that is not a contract bond is known as a commercial bond. These include but are not limited to fidelity bonds, business service bonds, and bonds required by governments to secure business licenses.


Types of commercial bonds we provide:

  • Auto Dealer Bond – Used in the automobile industry for dealerships.
  • Fidelity Bond – Businesses purchase this bond to cover themselves from fraudulent employees.
  • Janitorial Bond – Janitorial companies use this bond to protect the client’s interest.
  • Utility Bond – Protects Utility companies from defaults from clients.
  • Customs Bond – Required by the Federal government of Canada for brokers.
  • Medical and Medicaid Bond – Protects patients from fraudulent behavior.
  • Lottery Bond – Required to be purchased by business that engage in lottery.
  • Union Bond – Obtained by union workers.
To know more about how surety bonding works in general across Canada, please visit the frequently asked questions page – https://www.constructionbond.ca/faq/.



As a miner, you take on a vital role when it comes to reclaiming the land you disturb during a project. The reclamation standards are agreed upon between you and the governing body. But regardless of your ability to meet your contractual obligations, you need to secure the agreement with a reclamation bond.


We also offer Contractor Insurance across Canada

Contractor insurance also known as general liability insurance for contractors is an insurance coverage that provides financial protection in the event a contractor causes loses, damages, or bodily injury to clients or third parties. This insurance kicks in to pay for damages (lawsuit settlement, repair costs, property damage, bodily injury) if the cause of the loss is insured by the policy.


Types of Contractors We Commonly Insure

Frequently asked questions regarding contractor insurance




renovation contractor insurance quote