Bonding for Contractors

Do contractors need to be bonded?

As a contractor, the choice to be bonded or not is yours. In many cases contractors choose to be bonded because their clients will specify if they are looking to hire someone who is bonded. Why? Because it means there is less risk for them if you fail to perform the required work.

Common types of bonding contractors should be aware of.

There are many different types of bonds you can secure for your business. Knowing what you need, why you need it and for how much can be tricky and confusing.

Here are some of the most common bonds contractors should consider and what they do:

  • Pre-paid contractor bonds guarantee that you will always provide ethical and professional services.
  • Bid bonds guarantee that the winning bidder will undertake the contract under the terms at which they bid.
  • Performance bonds guarantee satisfactory completion of a project by a contractor.
  • Labour and material payment bonds guarantee that subcontractors and suppliers are paid for the work and material they supply on the job.
  • Maintenance bonds guarantee a contractor will either correct any defects that arise post project completion or that the owner is compensated for those defects.

CJ Campbell's experienced insurance brokers can help you decide what you need.

The best way to make sure you know you have the right mix of insurance and bonding is to talk to an experienced insurance broker. Someone who takes the time to review your contract or service agreement, your business history and growth plan. In order to provide the best service, your broker will need:
Your last three fiscal year end financial statements

  • Your most recent interim financial statement
  • A bank letter stating your operating line of credit
  • All details and financials on all related corporations

Establishing a strong relationship with your broker will ensure you have what you need. And you'll know who to contact if you ever have questions. Speaking of questions, if you have any about bonding for contractors, we'd love to hear from you.

  • Carla Patricia
    Our family has been with CJ Campbell for over 20 years. We’ve been very happy and the service has always been very prompt. Monique Renaud is our policy Executive and is wonderful and highly recommended!
    Carla Patricia
  • Vacuum Specialists
    We have had the pleasure of dealing with Boun for many years, and her exceptional assistance and dedication have consistently exceeded our expectations. She consistently goes above and beyond to address our needs promptly and efficiently. Her professionalism is unparalleled, and we highly recommend her services.
    Vacuum Specialists
  • Patricia Wiebe
    We have dealt with CJ Campbell for over 50 years and their quality of service has been consistently excellent. We feel very secure knowing Keisha McCarthy is looking out for us. DO NOT HESITATE to use this company for all your insurance needs!
    Patricia Wiebe
  • Sid Tolchinsky
    I am very pleased having just worked with Julie David of CJ Campbell to restructure our house and car insurance under one company’s umbrella policy which saved us money and simplified our policies. Thank you Julie.
    Sid Tolchinsky
  • Brooke Siebert
    Keisha is so good at her job, I cannot stress this enough! She is patient, kind and really helped me out finding the best deal for insurance when I moved to Alberta. It's the little things in life and the fact that I don't have to stress out about insurance was an immense help. I cannot thank her enough!
    Brooke Siebert
  • Muhammad Murad Ehsan
    Excellent service by Boun Chou.
    Muhammad Murad Ehsan
  • Nicole D.
    I have been with CJ Campbell for almost 30 years. In those 30 years I have received exceptional service! Boun has been supporting me with competitive rates for home, auto and motorcycle insurance, always with my best interests at heart. I continue to refer my friends and family to Boun and CJ Campbell because they work hard to find the best rates and her client service is second to none.
    Nicole D.
  • Jill Lemon
    Anna Marie is excellent to deal with. She is very thorough and always goes the extra mile to make sure your needs are being taken care of. She has helped me through a couple insurance difficulties!! She is also very down to earth and humorous. I would recommend CJ Campbell to everyone. An excellent local business!!
    Jill Lemon
  • Amin Ziarati
    ...What sets CJ Campbell apart from other insurance companies is their personalized approach to each client. Boun takes the time to understand your specific insurance needs and works tirelessly to find the best coverage options at the most competitive rates. I have always felt like a valued customer with CJ Campbell, and I appreciate the high level of customer service they provide...
    Amin Ziarati
  • Shelley Thurber
    I have been dealing with this company since 2010. Keisha McCarthy has always been so professional, helpful, and timely with all of my insurance needs. I can't recommend CJ Campbell and Keisha enough!
    Shelley Thurber
  • Windy Acres
    Keisha has been great to deal with, always communicating with me in a timely manner and reminding me when I have missed something that needs attention. I wouldn't hesitate to recommend Keisha to friends and family.
    Windy Acres
  • Lara
    Fantastic service every time! Everyone is super helpful and knowledgeable and will get you the best deal on insurance.
    Lara
  • Barrenechea
    Boun was incredibly helpful, and took care of all aspects for me including canceling my previous policy. I'd recommend her to anybody.
    Barrenechea
  • Alexandrea Currie-Bell
    We have worked with Boun at CJ Campbell for years. She has always been extremely helpful in assisting us, as well as helped us in a timely manner. I would 100% recommend her!
    Alexandrea Currie-Bell
  • Gemma B.
    I've been with this company for 10yrs and never had a problem. The staff are very helpful, especially Boun.
    Gemma B.
  • Andrea Patterson
    I’ve had the pleasure of now dealing with Boun a few times for my insurance needs and she is an absolute delight to talk to. I would definitely recommend dealing with CJ Campbell as I know of others who also use them and love the service they receive.
    Andrea Patterson
  • Arnel Rante
    They're very helpful.
    Arnel Rante
  • Russell Motha
    If you want to get the best service from them, you need to talk to Boun Chou at CJ Campbell, got the best rates across 12 different companies for my house and my car and the service was excellent.
    Russell Motha
  • Roxeen Willett
    We moved to Alberta almost 10 years ago from Ontario . We were recommended CJ Campbell for our insurance needs. This was the best decision. Jen and Anna Marie have always helped with any questions or concerns and have always treated us like we were their only clients. Never waited for answers always had time to call back asap with answers. Highly recommend switching to CJ Campbell. You wont be disappointed.
    Roxeen Willett
  • Theresa Hendricken
    My husband and myself have been with company for at least 25 years. They never disappoint always best rates.
    Theresa Hendricken
  • Jonathan Howlett
    Highly recommended and always delivers the best service for home and auto insurance. Able to navigate for best value, and listens to our needs.
    Jonathan Howlett
  • Melissa Geea
    Jennifer Mohler is absolutely outstanding. I was given Jen's contact information from a friend after moving to Calgary several months ago. Her professionalism and efficiency on finding me the best quote for auto is what led me to contact her again when I needed home insurance. She is very pleasant to work with as she is patient with explaining policies and has an eye for detail. Looking forward to dealing with Jen in the future!
    Melissa Geea
  • Dom L
    I have been a client of C.J Campbell Insurance for over 16 years. I would like to express my gratitude to Joel White. Joel is absolutely amazing to work with. His professionalism, understanding and willingness to go above and beyond for clients is very commendable! When ever I have a question or if there is an issue he’s instantly working on how to resolve or answer my question. I highly recommend him for all your insurance needs.
    Dom L
  • Ken Moffatt
    My wife and I moved our insurance to CJ Campbell after Royal Bank started demanding annual payments from customers. We have been very happy for the past few years. Customer service is exceptional and staff work to help you get a fair deal. I would highly recommend CJ Campbell Insurance.
    Ken Moffatt
Personal Insurance

Protect your valuables

Learn more
About

We think holistically

Find out why