Bonding Insurance
Do you have a solid, working relationship with a surety agent who can assist you in obtaining the various bonds you need? Well you do now! PJO Insurance has access to all types of bonds including contractors bonds (all classes), pay-performance bonds, sales tax bonds, surety bonds, license bonds and permit bonds; and we will help you with all the required paperwork.
A surety agent is the professional guiding you to obtain the appropriate bonding insurance for your needs. These bonding insurances can protect your project and the accompanying financial investment.
For example, there are Contractor Bonds, Pay-Performance Bonds, License Bonds, Permit Bonds and Surety Bonds.
Contractor Bonds
Business Insurance
Pay-Performance Bonds
Bond any company that is doing work for you to insure that basic performance standards are met, protect yourself from deficient products, bankrupt companies, and criminal negligence with a performance bond that will compensate you in the event that a contractor or sub-contractor fails to deliver.
License Bonds
All new contractors must have a bond in order to obtain a license from the Arizona ROC. This bond provides financial coverage for the clients of the contractor in the event that the contractor fails to deliver the promised product and is a good way to establish trust with clients. It is far easier for a client to enter into an agreement or make a financial commitment knowing that there is recourse in the event of default.
Permit Bonds
On major builds and large commercial installations all work is governed by permits. An inability to obtain the necessary permits can result in large losses for the developer and his investors, through no fault of any contractor. In the event of such circumstances, a permit bond would work to compensate all parties for the financial losses brought about by inability to obtain a permit.
Contact Us
We Respect Your Privacy – we never resell customer or prospect data
PJO Insurance Brokerage
Phoenix, Arizona 85050
Surety Bonds
A Surety Bond is easier to manage for most Arizona Contractors than producing cash or making a cash deposit. Contractors obtain a Surety Bond from an Arizona resident insurance agent working with an insurance company authorized by the Arizona Department of Insurance to issue contractor’s license bonds, a type of Phoenix, AZ bonding insurance.
A surety bond must be continuous; there can be no termination date on the bond. The Contractor is responsible to keep the bond in force. The bonding company can cancel a surety bond after notifying the Contractor and the Arizona Registrar of Contractors thirty days prior to the cancellation date. In the event of a cancellation, the Contactor has to replace the bond or that Contractor’s license will be suspended.
Bond Application (pdf)
Bond Contractor’s Questionaire (pdf)
Bond Request Form (pdf).