Send the requirement and the quotes
Share the bond form, amount and contract or license documents the obligee requires, along with each quote.
Alder BuildersOrganized by Spot
Compare Surety Bond Quotes
Compare surety bond quotes with Spot
A bond quote has to match what the obligee requires, so Spot checks the form and obligation before you compare anything else.
Compare quotes from 25+ surety bond providers
- Bond type and form matched to the obligee
- Required amount and documents checked
- Keep your broker or switch, with no commissions on premiums
How it works
We match quote to obligation
Spot checks that each quote is for the bond type your obligee actually wants and not a similar one.
Surety bonds
Alder Builders · Policy review
- Policy wording
- Coverage limits
- Compare with
- Contract requirements
Confirm with your broker
Limits, exclusions, and endorsements
Prepare the financials
Your Spot team helps pull together the financial information a surety evaluates, so each quote rests on the same facts.
Surety bonds
Alder Builders · Policy review
- Policy wording
- Coverage limits
- Compare with
- Contract requirements
Confirm with your broker
Limits, exclusions, and endorsements
Choose and bind
Pick the bond that satisfies the obligee. Your Spot team helps you get bonded and has the bond ready to deliver.
Insurance documents
Quote comparisonSurety bonds
Coverage limits · Policy terms
Alder Builders
What to compare
- 01
Contract or commercial bond
Contract bonds guarantee a specific contract; commercial bonds address legal or regulatory obligations such as licenses. They are different discussions.
- 02
Bid, performance or payment
Each serves a different contract need: the bid, completing the work, and paying suppliers and subcontractors.
- 03
Required form and amount
Whether the quote matches the obligee’s stated form and amount.
- 04
The exact obligation
What the bond guarantees and to whom, and whether it’s a license, a permit, a bid or a job.
- 05
Letters of credit and other security
If a contract permits a letter of credit or a bond, compare them with what the obligee states instead of treating them as interchangeable.
- 06
What the surety evaluates
Sureties look at your credit, capacity and character, so each quote depends on the financial information you give.
- 07
Federal construction requirements
For a federal project, the solicitation and applicable bonding requirements, checked with the contracting officer.
Differences to watch for
- 01
A similar but wrong bond
A bid bond isn’t a performance bond. Match each quote to the obligee’s named requirement.
- 02
A bond protects someone else
It guarantees your obligation to another party and doesn’t insure your own losses.
- 03
Substitutes the obligee won’t accept
Check an alternative against the obligee’s stated requirements, not just against another quote.
- 04
Federal projects
Confirm the bonding requirements with the contracting officer before arranging performance or payment bonds.
Providers your broker can approach
Compare quotes from 25+ surety bond providers.
- Aon
- Berkshire Hathaway Specialty Insurance
- Chubb
- CNA
- Coverdash
- Embroker
- Gallagher
- And many more
Common questions
Who are the principal, the obligee and the surety?
The principal owes the obligation, the obligee is owed it and the surety guarantees it if the principal defaults.
What do I need to get a surety bond quote?
The obligee’s bond form and amount, your contract or license documents, and financial information for the surety’s evaluation.
Does Spot work with my broker?
Yes. Spot works with brokers instead of replacing them, and takes no commissions on premiums.
Does a bond cover my own losses?
No. It guarantees your obligation to the obligee.
Related
Get insurance off your to-do list.
A bond quote has to match what the obligee requires, so Spot checks the form and obligation before you compare anything else.
Get StartedLearn more before you compare quotes
Read these before you choose a policy or an insurer.
