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Compass Training
In addition to expanding your knowledge, you will have a chance to meet and build relationships with our staff, to help you continue to build your book of business with us.

Surety Bonding:
In this unique Compass training program, you will learn about:

  • Intact’s Surety Operations 
  • What is Bonding?
  • Bonding vs. Insurance
  • The 5 C’s of Surety
  • Underwriting Requirements
  • Competitive Advantages
  • Contract Bonds
  • The Bonding Process

Contact your Intact Insurance
Regional Underwriter for more details

 
 

Surety - Product Fact Sheet

Other client facing materials are available on the Business Box

Applications

Contract Bond Requisition
Statement Form
Contractor Application
Work-in-Progress

 

Successful businesses are built on trust. With more than 50 years of experience helping Canadian companies, we can provide the type of surety bond that is required to raise the level of trust between a business and its suppliers, customers, or other stakeholders.

As Canada’s largest provider of surety bonds, our knowledgeable staff have a thorough understanding of the range of business risks your customers face and can recommend the right solutions.

Contract Bonds guarantee the performance of contracts and are important for:

  • general contractors
  • subcontractors
  • service contractors
  • heavy-equipment contractors
  • suppliers
  • manufacturers
  • specialty contractors

Administration Bonds guarantee the faithful and honest administration of estates by court-appointed individuals (administrators, guardians, committees and executors).

Miscellaneous Surety Bonds guarantee the obligations mandated by the various levels of government including:

  • license and permit bonds
  • customs and excise bonds

Lost Document Bonds are for businesses that issue replacement documents when valuable documents are lost, misplaced, stolen or destroyed, including stock certificates and bonds issued by public authorities or private or Crown Corporations.

 

What types of businesses can benefit?

Service–based businesses:
If your customer owns a travel agency, health studio, driving school, private educational institution, investigation or security firm, or any enterprise that deals directly with the public, a surety bond will help build trust and confidence in the market.

Building contractors:
Whether your customer is a general contractor or sub-contractor, and whatever the size or scope of the project, we can provide the surety bond the business needs, including:

  • Performance Bonds for completion of work;
  • Bid Bonds, letters of intent;
  • Labour and Material Payment Bonds;
  • Maintenance Bonds (for correcting construction defects).

Transportation companies:
Surety bonds are required:

  • to bid on school bus contracts
  • to provide accessible transportation
  • for transportation to social or recreational clubs
  • for payment of customs duties

 

To contact Specialty Solutions, call 1 855 475 7878