As a consultant in providing surety solutions for the construction and development industry nationwide, InterWest has one of the most knowledgeable and resourceful surety departments. With bond-issuing authority and partnerships with a network of key surety providers built on trust and respect, we pride ourselves on being able to offer a wide range of services. Our team has over 150 years of combined experience, including former surety underwriters. When competing for business, we believe you need a reliable surety partner who understands your company and your industry.
As a measure of our commitment to professionalism in surety, we are actively involved in the industry’s legislative efforts and maintain a Board position on one of the most effective lobbying groups in Sacramento, The California Surety Federation.
- Bid Bonds
- ERISA Bonds
- Performance Bond
- $100,000 LLC Employee/Worker Bond
- Contractors License Bond
FAQ
A surety bond is designed to guarantee that a business or individual will fulfill their obligations under a contract. Unlike insurance, which is meant to cover your losses, a surety bond is meant to protect the other party if you do not perform as promised.
Surety bonds are most often required in the construction industry, but they can also apply to businesses in financial services, employee benefits, or any field where a license or contract performance guarantee is required.
A bond is not typically designed to protect your business—it is meant to protect your clients, project owners, or the state. However, having bonds in place can help you secure contracts and build credibility with partners
If a claim is filed, the surety company will investigate. If the claim is valid, the surety is designed to pay the loss to the obligee. You may then be responsible for reimbursing the surety, since the bond is meant to guarantee your performance rather than replace your liability.