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Contact us for free quotes on all of your personal and commercial insurances! Let us see if we can save you some money!
Our Office is open until 4 pm, so give us a call!
Contact us for free quotes on all of your personal and commercial insurances! Let us see if we can save you some money!
Our Office is open until 4 pm, so give us a call!
Contact us for free quotes on all of your insurance needs! Let us see if we can save you some money!
We offer Commercial Auto, Workers Compensation, General Liability, and Tool/Equipment Coverage. Let us help you protect your business by getting you a quote today!
What is a Performance Bond?
According to Wikipedia a performance bond, or contract bond, is a surety bond issued by an insurance company or a bank to guarantee satisfactory completion of a project by a contractor.
Performance Bonds are guarantees to a project owner, that the contractor will complete its job according to the terms and conditions of the contract. The basic function of a performance bond is to provide financial protection to the project owner in the event of default on the part of the contractor.
Performance bonds are generally issued as part of a ‘Performance and Payment Bond’, where a payment bond guarantees that the contractor will pay the labor and material costs they are obliged to.
Additional insured endorsement allows a person or organization to enjoy the benefits of being insured under an insurance policy, in addition to whoever originally purchased the insurance policy.
It is beneficial for a party to be covered as an additional insured on the policies of other parties because it allows the additional insured to file a claim if sued under the named insured’s policy. This will reduce the loss history of the additional insured and lower its premiums. The losses will be posted against the policies of the party providing the additional insurance and their premiums will rise accordingly.
Another benefit is the additional insured will be notified of intent to cancel or cancellation at the same time as the named insured.
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Llámanos si necesitas cotización de seguro comercial.Llame al 817-861-1200
Lunes a Viernes 9 a.m. a 4 p.m.
Here are some common business insurance policies and what they cover-
Texas Commercial Liability Services
John Wycoff
615 E Abram St Suite C
Arlington, TX 76010
E-mail address:
insuranceman76002@yahoo.com
Available 8:00am - 4:00pm M-F