COMMERCIAL INSURANCE - BONDING
Bonding
 
Holman Insurance Brokers Ltd. is able to provide many types of bonds available for business based on your operations and industry regulations. Some of the most common ones we sell, are Construction Bonds, Surety Bonds, License & Permit Bonds, Customs & Excise Bonds, Estate Bonds and Lost Instrument Bonds. We also specialize non-standard, complex or cases and emerging industries.
What is a Bond?  
Bonds are essentially a guarantee that your business will carry-out its performance and meet a regulatory or financial obligation to your client/fellow business.
Obtaining the proper Bond is simple as filling out a short quoting form, we will give you a quick call to ensure you are getting the right bond and answer any questions you may have. Bonds can be quite confusing, but our brokers are here to help simplify the process.
Bill 142 – Are you ready?
New mandatory surety bonding on Ontario public contracts
All contractors performing work under a “public contract” – i.e., a contract respecting an improvement with the Ontario Crown, a municipality or other broader public sector entity – will be required to provide a labour and material payment bond and a performance bond, each for at least 50% of the contract price. For our American readers, Ontario is essentially now adopting the Miller Act approach to Ontario public projects. However, note that the Act does not apply to federally governed projects located in Ontario. 
 
SURETY BONDS
Surety Bonds also known as Surety Bonding is a type bond that is required by businesses such as construction companies, contractors, manufacturers, renewal energy companies, information technology and the logistic industry to name a few.  We have Construction Bonding specialists that are experts in Bid, Performance , Labour & Material, Maintenance and Lien Bonds.
 
Our Construction clients who ask us to provide bonds include:  
      • Architectural Metal & Cladding
      • Bridge Builders
      • Controls
      • Dewatering
      • Drywallers
      • Elevators
      • Engineering
      • Flooring
      • Forming
      • General Contractors
      • Glass & Glazing
      • Gravel Pit Operators
      • Landscaping & Snow Removal
      • Masonry and Brickwork
      • Mechanical & Electrical
      • Painters
      • Precast
      • Projects and Joint Ventures
      • Remediation & Abatement
      • Restoration
      • Road Builders
      • Roofing
      • Sewer & Watermain
      • Site Servicing
      • Subcontractors
      • Suppliers
      • Water Management & Recycling
We have access to most major surety company in Canada and being in business for over 35 years has allowed us to build relationships that not only gives us preferred rates, but also fast turn around times. We create custom tailored bonding packages for each client and strive to provide an easy and hassle free service.
 
LICENSE & PERMIT 
      • Employment Agency / Foreign Worker Recruitment
      • Auctioneer License Bond
      • Automobile/Motor Dealers Bond
      • Bailiff Bond
      • Cemetery & Funeral Act
      • Collection Agent Bond
      • Consumer Protection Act
      • Contractor’s License Bond, Quebec
      • Direct Sellers Bond
      • Driver Training School Bond
      • Electrical Contractors License Bond
      • Electrical Safety Act Bond
      • Gas Safety Act Bond
      • Gas Contractor’s Bond
      • Insurance Adjusters Bond
      • License Plate License Bond
      • Security Agreement With Respect to a Publicity Contest
      • Mechanical Permit Bond
      • New Residential Home Warranty-ACQ
      • New Residential Home Warranty-APCHQ
      • Prepaid Contractor’s License Bond
      • Private Approach (Road Cut Permit Bond)
      • Private Investigators & Security Guard Act Bond
      • Quarry Permit Bond
      • Real Estate Agents Bond
      • Road Cut Permit Bond, Ottawa (GENERAL)
      • Road Cut Permit Bond, Ottawa 1-10 Permits
      • Roofer’s License Bond (RCABC)
      • Sewer Tappers Performance Bond
      • Police Services Bond
 
CUSTOMS & EXCISE BONDS 
      • Customs Brokers License Bond
      • Release of Goods Customs Bond, Customs Broker only
      • Release of Goods Customs Bond, Importers
      • Temporary Importation of Articles
      • Bonded Freight Forwarder Operations
      • Bonded Highway Carrier Operations
      • Bonded Air Carrier Operations
      • Customs Sufferance Warehouse
      • Customs Bonded Warehouse
      • Excise Bond
      • Non-Resident G.S.T. Bond
      • Bonded Marine Carrier Operations
      • Bonded Rail Carrier Operations
 
OTHER BONDS 
      • Carnet Bond – Single
      • Carnet Bond – Multi
      • Estate Bonds
      • License Bonds
 
For more information please contact Paul Holman

905-886-5630 ext 1246   or     
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