New York Surety Bonds

When you need a bond, New York professionals know they can count on .

At Carter-MGM Insurance Agency we can provide a number of customized New York surety bonds that will guarantee a specified task – or project – will be completed with due diligence and on schedule. When it comes to selecting the right bond in New York our staff can help you find the bonds to keep your project on target while fulfilling your legal state and federal obligations.

Surety bonds are not insurance policies – they are guarantees. It is not uncommon for businesses and contractors to have certain projects bonded to ensure they are completed, no matter what complications may arise. At Carter-MGM Insurance Agency, we specialize in providing the following bonds:

• Performance – to guarantee the performance of contractually agreed upon work
• Bid – guarantees the beginning of work following the winning of a bid
• Indemnity – guarantees any losses should a party fail to meet deadlines
• Payment – promises payment to all sub-contractors and vendors
• License & Permits – guarentees the principal will abide by the terms of the license (ex: Auto Dealers, Contractors, Mortgage Lenders, etc.)

With a bond, New York professionals can provide guarantees. The nature and extent of the guarantee, however, are subject to the language used when the bond is drafted. This allows for a tremendous amount of scope and contributes to their versatility and longevity. The agents at Carter-MGM Insurance Agency can provide you with a wide array of New York surety bonds ranging from license and permit bonds to payment bonds.

Our experienced agents can help you find the bond – or bonds – you need to protect your project and your investment.

Contact us today to find out more about bonds in New York.