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Contract bonds
guarantee of the performance of a
contractor. In general, contract bonds are
used to guarantee that the contractor will
perform according to the
 specifications of
the construction contract. If the contractor
fails to perform according to contract, the
insurance company is responsible to the
insured for payment, up to the limit of the
bond, which is usually for an amount equal
to the cost of the construction project. The
insurance company then has recourse against
the contractor for reimbursement.
For contractors, Hollis Insurance can
provide contractor's bonds, builder's risk
insurance,
commercial auto insurance, worker's
compensation and general
liability insurance for almost any scope of
construction operations. Let Hollis
Insurance show you how you can save on
insurance for residential, hotel/motel,
retail and office property risks.
Hollis
Insurance also has a dedicated
personal lines
insurance department ready to offer insurance
counseling and coverage for homeowners,
personal auto insurance, boat insurance,
personal umbrella and jewelry insurance.
Remember - it only takes one phone call to
start the process! 561-395-9858 in
Boca Raton.
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