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Bonds and Surety

Get the bond you need and keep moving forward

Rules and regulations. If you're in the small business world or public sector, you know that there are more i's to dot and t's to cross than ever before.

Your organization may need a bond to bid on a new contract, get on a job site, or stay in compliance with local ordinances and laws.

We offer Contract Surety Bonds (often seen in the construction industry) as well as other Commercial Surety Bonds, such as ERISA bonds for 401k plan administrators and Public Official bonds for local governmental entities, such as cities and Fire Protection Districts.

Railside Citrus offers a wide variety of bonds from A-rated companies. We'll make it fast and easy for you to get the bond you need. Give us a call today.

We offer these bonds and more:

Construction Bonds & Contract Bonds
  • License & permit bonds
  • Bid bonds
  • Payment bonds
  • Performance bonds
  • Maintenance bonds
  • Right-of-way bonds
  • Site improvement bonds
  • Subdivision bonds
  • Third-party Fidelity bonds

Government Bonds
  • Public Official bonds
  • Treasurer bonds
  • Pension Board bonds
  • Faithful Performance of Duty

More Bonds
  • ERISA bonds/401(k) bonds
  • Notary bonds
  • Crime bonds/employee dishonesty coverage
  • Raffle bonds
  • Certificate of title bonds
  • Insurance Producer bonds

About surety and bonds

Learn more about these specialty products

What is a surety bond?

Bonds back up your guarantees

Surety rhymes with “purity.” It is a contractual agreement where one party agrees to become legally liable for another party’s performance.

For example, if your construction company is bidding on a new project, the customer may want a guarantee that you can fulfill the terms of the contract. They may require a third party to provide the guarantee. 

This third party is called the surety. The surety is the insurance company who issues the bond and thus backs up your end of the contract. If, for some reason, your company failed to perform as per the contract terms and conditions, the surety company would step in to make good on your contractual obligations. Hence, the term contract bond.

There are many other types of bonds. For example, 401k plan administrators are required to be bonded under ERISA (The Employee Retirement Income Security Act of 1974) law.

Construction bonds

does your contract require surety?

When you need contract bonds, we can help.

Bid Bonds provide a guarantee to the owner that the winning bidder will in fact take the job and enter into the contract if they are the low bidder.

Payment Bonds are meant to ensure that suppliers and subcontractors are paid for their part in the job.

Performance Bonds guarantee the satisfactory completion of a project as per the agreed upon contract. 

While payment and performance bonds are required on many government-funded projects, we have seen an increasing demand for bonding on private sector projects.

We would love to bond your next construction project. Give us a call today.


Bond lines

Plan ahead and get pre-approved

Many bonds – contract bonds in particular – require underwriting by the insurance company.

Bond underwriters may ask for financial information about you and your company. They may also ask about performance on past jobs, current capacity/work-in-progress and more. 

Because the underwriting process can take time, you may consider establishing a bond line ahead of time. 

Similar to establishing a line of credit, setting up a bond line is like getting pre-approval for your next bond. you may also qualify for lower rates

Reach out to us today to get started on the process. Establishing a bond line can save you time and money.