Contract Bonds

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 Florida Contract Bondsspecifications 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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