Surety Bonds Insurance

Surety Bonds

Surety bonds help your business ensure that contractors and vendors are going to perform the work agreed upon. These bonds reduce the risk you expose your business to when you are working on projects.

At Maury Donnelly & Parr, Inc. we have worked with thousands of clients, both big and small, who understand the power of a surety bond. Our clients know that insurance bonds are critical to the success of many projects and their ability to maintain a credible brand in a competitive industry.

Whether you have been in business for years or you are just starting out today, we offer professional advice and years of experience to help you wade through the complexities of surety bonds. We can provide your business with the following types of bonds:

Subdivision bond. Subdivision bonds guarantee that developers will properly develop land based on established contractual agreements.

Commercial surety bond. With commercial surety bonds, you ensure that businesses meet requirements for a variety of tasks and operations.

License and permit bonds. License and permit bonds ensure individuals and businesses with licenses and permits operate within the boundaries of their license and permits.

Court bond. Court bonds ensure a person complies with court orders.
Performance bond. Performance bonds guarantee that contractors meet performance requirements for a contract.

Bid bond. Bid bonds protect your bidding process when you are offering contracts. Bid bonds ensure that bidders are capable of providing you with payment and ensure they perform based on the contract’s specifications.

Payment bond. These bonds help you guarantee work will be completed by ensuring that suppliers and subcontractors are paid based on the terms of the contract.

Ancillary bond. These bonds work in conjunction with performance bonds by ensuring that other contract requirements are met, beyond performance requirements.

There are many surety bonds readily available to protect your business. Contact us to secure your bond.

Maury Donnelly and Parr has been the Chesapeake Bay Foundation’s insurance brokers since 2007.  They continue to be client-oriented and dedicated by providing invaluable education and services for our wide-ranging casualty, workers comp, professional liability, flood, property and marine risks.  They spend the time to understand our programs and operations to help us reduce and address our exposures throughout each year.  MDP has partnered with CBF beyond offering insurance solutions, they have been extraordinary in supporting our mission to Save The Bay.

Mary Tod Winchester, Vice President, Chesapeake Bay Foundation