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Founders Insurance Group LLC

Founders Insurance Group LLC

Surety Bonds

Why wait? Get your surety bond Today!

Woodstock, GA  #1 Surety Bonds

How do surety bonds work?

Surety bonds guarantee that specific tasks are fulfilled. It’s achieved by bringing the three parties together in a mutual, legally binding contract. The requirements of the bond and ordinance must be understood before the bond is written. Depending upon the type of obligation, supporting documentation such as signatures, financial statements, and other supplemental information may be required.

  • The principal is the business that purchases the bond to guarantee work performance.
  • The obligee is the entity that requires the bond.
  • The surety is the insurance company that backs the bond.

The obligee can make a claim to recover losses if the principal does fail to fulfill the task. If the claim is valid, the insurance company will pay reparation that cannot exceed the bond amount.

Protect the Strength of your Business, Get the Right Bond at the Right Price.

Why do I need a surety bond for my business?

As a business owner, you may need a surety bond to guarantee payment for state sales taxes or utility bills. Or as a contractor, you may need to post a license or permit bond to guarantee your work for licensing requirements with municipalities.

Founders Insurance Group has a dedicated surety bond department with over 85 years in combined experience in the surety industry. Contact Us for more information

Construction surety is a very specialized niche in which few agencies have the expertise we do. We work with over 30 different surety markets ranging from quick bond programs to large surety bond programs. We have a network of construction CPA’s and attorneys that can help our clients with financial statement preparation and any legal issues that may arise.

Surety Bonds Requirements

Quick bond programs typically only require a one-to-two page application and are largely based upon the personal credit of the business owner(s). These bonds have a 24-hour turnaround time and can accommodate contract amounts up to $500,000.

For construction companies with on-going performance and payment bond needs over $500,000, we work with industry leading surety carriers that can handle bond programs from $500,000 to $500,000,000+. At Founders Insurance Group, we work with our client and their CPA to compile detailed bond submissions to help our clients grow and expand their bond capabilities.

Contact Us

Contact Us

Please contact Founders Insurance Group
if you would like to discuss your insurance needs.

Founders Insurance Risk Management Center is a secure, comprehensive risk management and safety platform designed to help clients reduce their total cost of risk, improve loss control and prevention, and meet or exceed OSHA compliance requirements.

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Powered by Succeed Management Solutions, LLC, this web-based tool is appropriate for any organization that wants to proactively manage their risk exposures and develop effective workplace safety programs to reduce claims, losses, and associated costs.

Our Risk Management Center is accessible anywhere and anytime, and provides a cost-effective risk management / safety center for your entire organization across all departments and locations.

Founders Insurance Risk Management Center enables you to:

  • Meet OSHA hazard communication requirements
  • Access a best-practices safety library (bi-lingual; includes videos)
  • Train employees efficiently and effectively
  • Build a behavior-based safety program
  • Manage certificates of insurance to limit liability
  • Create job descriptions and modified duty programs
  • HR Resources (HR Library)
  • And much more…

Click here for our Risk Management Center Video

Learn more about the Risk Management Center, a unique web-based software suite of safety and risk management tools designed to empower your organization's risk prevention efforts. The Risk Management Center is right for any organization that wants to:

  • Proactively manage risk exposures
  • Develop effective workplace safety programs
  • Reduce claims, losses, and associated costs

The risk management platform has recently been upgraded to enhance and streamline your risk management and occupational health and safety strategy. Attend this webinar to learn "what's new" and how to utilize the new features to enable maximum productivity.

Risk Management Center

  • Searchable library of risk management policies and training materials
  • Online Training Programs
  • Software programs

More Information:

Risk Management

We welcome your feedback.
Do you have any suggestions on how to make the risk management platform more useful? Let us know!

Need training in one of the applications? Participate in one of our free daily webinars. Register by clicking on the Help & Training Center button to the right of the platform, under the horizontal navigation bar.

Tired of data entry? Let us help!
We can record all your training files, incident reports, import lists of employees, and more all in one place and at very reasonable rates!

 

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