Surety Bonds in Ontario

Protect your customers and differentiate your business from the competition by choosing Petley-Hare Limited’s surety bond insurance.

Given our knowledge and long-standing experience within the industry, Petley-Hare hold’s power of attorney and are able to immediately service the bond issuance needs of both brokers and contractors through our offices.

Surety Bond Insurance in Ontario

Surety insurance covers the obligee from any losses resulting from the principal’s failure to meet their obligations.

Specializing in construction insurance coverages of all kinds, we are contracted with Canada’s leading commercial insurers and able to provide bonding at all levels up to the highest limits demanded.

What is Surety Bonding?

Surety bonding is a promise to pay one party (the obligee) a certain amount of money if a second party (the principal) fails to meet their obligations. Failure to fulfill terms of a contract, failure to complete a construction project, and even instances of employee theft are all examples of this.

Why Choose Bonding Insurance?

Many Ontario businesses obtain surety bond insurance to guarantee that their employees will perform the duties they have been hired to perform. Surety bonding is an essential coverage for your business that can increase customer trust and build solid industry reputation.

Your business may also require bonding insurance as part of your licensing requirements. These type of surety bonds typically guarantee that the principal will comply with any codes or regulations established by the obligee, who is usually a government body such as a city, town, or municipality.

What makes Petley-Hare Limited the ideal brokerage for Surety Bonding solutions?

• Immediate response
• Fast set-up for new surety files
• All classes of construction and non-construction contract surety files welcome
  (including manufacturers, IT companies, suppliers, engineering firms and more)