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PRODUCTS & SERVICES
BONDING

Construction Contract | Commercial | Court | Fidelity | Miscellaneous

What is a Surety Bond?

A surety bond is a three-party agreement between:

  • A principal: The party being required to get a surety bond
  • An Obligee: The party requiring the principal to provide the bond
  • A Surety or Guarantor: The party that executes the surety bond

Surety bonds are in place as a guarantee that if a principal defaults on an agreement, such as a construction contract, the surety company will provide necessary support to ensure the agreement is met. In order to obtain a surety bond, a principal must qualify by showing they have the ability to meet the terms of the agreement. Qualifications include, but are not limited to: adequate captial, available capacity, strong character, sufficient credit, and experience.

Work from a position of strength. We do. The Ware Company has consistently been a leader in Hampton Roads when it comes to bonding. We maintain long-term relationships with our surety providers, underwriting firms, and bond processing companies to maximize your opportunities and to keep your position strong.

Meet Our Teams

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Bonds Provided:

  • Contract Bonds for the Construction Industry
    1. Bid Bonds
    2. Performance & Payment (Labor & Material) Bonds
    3. Maintenance/Warranty Bonds
    4. Supply Bonds
  • Commercial Bonds
    1. License & Permit Bonds  (ROW, E&S, ERISA)
    2. Court Bonds
      1. Judicial  (appeal, replevin, injunction, mechanic's liens, etc.)
      2. Fiduciary/Probate  (administrator, guardian, trustee, etc.)
    3. Public Official Bonds
    4. Personal Representative Bonds
    5. Miscellaneous Bonds
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MEET OUR BONDING TEAM

Vada Baker
Surety Bond Team Leader
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Grey Glover
Grey Glover
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