Bid bond Insurance Fergus

Bids and quotes are some of the most important, and stressful, elements of running an highly competitive business. These are numbers that you need to rely on. When you accept a bid, you need to be able to count on that number remaining constant and not suddenly changing halfway through a project. As many experienced contractors, property managers, and manufactures can tell you though, this isn't always the case. That's why bid bond insurance in Fergus is an essential point of defense for your business.

The vast majority of contractors and professionals out there are honest, reliable people. Most of us try to be upfront about our costs, quote our bids accurately, and stick to those figures. But, there are always cases where people are less than honest. Maybe they overestimate their abilities and under quote, maybe they deliberately bid lower than they know the job will cost to get their foot in the door with every intention of jacking up the price later. In any case, it's bad news for your project.

Of course, bid bond insurance protection goes both ways. If you are providing an accurate quote, there shouldn't be any kind of resistance to being held to that number. Bid bond insurance can be seen as a confident professional precaution that demonstrates your commitment.

Bidding is complicated and stressful, but with a Staebler agent in your corner, it doesn't have to be. We've insurance professionals who have been in the business for more than 140 years. We know how to protect our clients. Don't go into an agreement without knowing you and your business are protected. Talk to a Staebler agent about bid bond insurance in Fergus today.