FAQ's
FTC Insurance offers a tailor-made bond program that protects a person, corporation, or other legal entity in case of another's default in the payment of a given obligation, improper performance of a given contract, malfeasance of office, etc.
By undertaking to be the surety, the surety is primarily liable in case of the default. Our main area of expertise lies in the secondary markets, offering a greater variety of surety credit.
By undertaking to be the surety, the surety is primarily liable in case of the default. Our main area of expertise lies in the secondary markets, offering a greater variety of surety credit.
What is a Surety Bond?
A surety bond is a written agreement whereby one party called the surety (insurance company), obligates itself to a second party, called the Obligee (owner ) to answer for the default of a third party called the Principal (contractor).
What is a Surety Company?
A surety bond is a written agreement whereby one party called the surety (insurance company), obligates itself to a second party, called the Obligee (owner ) to answer for the default of a third party called the Principal (contractor).
What is a License and/or Permit Bond?
A surety bond is a written agreement whereby one party called the surety (insurance company), obligates itself to a second party, called the Obligee (owner ) to answer for the default of a third party called the Principal (contractor).
Is it difficult for a Contractor to get Bonded?
A surety bond is a written agreement whereby one party called the surety (insurance company), obligates itself to a second party, called the Obligee (owner ) to answer for the default of a third party called the Principal (contractor).
What is a Bid Bond and when is it required?
A surety bond is a written agreement whereby one party called the surety (insurance company), obligates itself to a second party, called the Obligee (owner ) to answer for the default of a third party called the Principal (contractor).
How much do bid bonds cost?
A surety bond is a written agreement whereby one party called the surety (insurance company), obligates itself to a second party, called the Obligee (owner ) to answer for the default of a third party called the Principal (contractor).
WWhat is a Performance and Payment Bond?
A surety bond is a written agreement whereby one party called the surety (insurance company), obligates itself to a second party, called the Obligee (owner ) to answer for the default of a third party called the Principal (contractor).
What do Bid Bonds and Performance and Payment Bonds Cost?
A surety bond is a written agreement whereby one party called the surety (insurance company), obligates itself to a second party, called the Obligee (owner ) to answer for the default of a third party called the Principal (contractor).
