189 Pleasant Street
Marblehead, MA 01945
Phone: (781) 631-5050
Fax: (781) 639-6333
Auto Insurance
Renter's, Tenant's, & Homeowner's
Boat Insurance
Motorcycle Insurance
Personal Property
Personal Umbrella
Business Owners Policy
Building Coverage
General Liability
Professional Liability
Business Content
Commercial Auto
Directors & Officers
Worker's Compensation
Commercial Umbrella
Bonds
Commercial Insurance Bonds
Contract Insurance, Bid Bonds, Surety Bonds
Contract Bond is where one party (Principal) has been awarded a construction or supply contract with a condition that a bond from a Surety will be given to guarantee to the Owner (Obligee) the performance of the Principals obligations under the contract.
A Surety Bond is a written agreement whereby one party, called a Surety, makes promises or guarantees on behalf of another party, called a Principal. In the agreement, the Surety makes these promises or guarantees to a third party called the Obligee.