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Are you looking for surety bonding insurance in the Niagara region? If so, Oracle RMS can help you get started! When looking for surety bonds, it’s important to have a broker that understands the complexity of the bond marketplace.

At Oracle RMS, we provide specialized bond facilities in the Niagara region, which separates us from a general insurance brokerage. We’ve earned our reputation in providing superior service and specialist knowledge in the Niagara region. We’re certain that your bond facility is current as we are constantly monitoring changes within the construction industry.

We provide the two most common forms of surety bonds in the Niagara region:

Construction Contract Surety Bonds: This is one of the most common forms of bonding used in a construction setting. It is set in place to protect owners and suppliers from the consequences of a contractor defaulting on a project. Such bonds are a guarantee from the Surety to a project Owner that the Contractor will follow the direction of the contract. Bonds that are used most often are the Bid bond, a Performance Bond and a Labour and Material Payment bond.
Commercial Surety Bonds: These types of bonds guarantee that any government body, financial institution or private corporation’s security requirements are adhered to. Also, that any financial risk is protected via legal compliance by the principle. Monetary losses, fraud and/or misrepresentations are a few areas that offer protection to the end user.

Our surety bond services provide:

Advice on contract reviews, current surety procedure and bond company appetites
Power of Attorney and in-house bond authority to issue bonds in time sensitive environments
Internally underwrite our contractor’s bonding programs in order to maximize your bond facility
Strong relationships and access with all major bonding markets
Creative solutions to tailor your bonding requirements with respect to larger and specialized projects, bonding of sub-trades, joint ventures and bond claim handling/disputes

If you are a construction business owner based in the Niagara region, it is important to have bonding insurance. Rest assured knowing that Oracle RMS will be able to help provide bonding insurance in the Niagara region for you and your business. Contact our Oracle RMS licensed brokerage today!

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Oracle RMS Office

100 Drumlin Circle, Suite 101, Concord, ON, Canada, L4K 3E5

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Phone: 1-855-884-6150
Fax: 1-855-357-5814

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