Guaranteed to get the job done

Satisfy clients with surety bonds.

Surety bonds for your industry

  • Construction & Contractors
  • Transport & Logistics

Things we can cover

  • Bids
  • Maintenance and supply
  • Fiduciary
  • Performance
  • Licenses and permits
  • Lost securities, and more…
  • Labour and material payments
  • Canadian customs and excise

How it works

Sometimes you need more than a handshake to satisfy your customers and suppliers. Surety bonds can address these demands.

In short, a surety bond protects your customers or suppliers against losses, up to the limit of the bond, if you don’t meet your obligations. But unlike insurance, losses paid under a surety bond are fully recoverable from you (the principal).

Surety bonds involve three parties:

Obligee    

Your customers or suppliers:
receives the bond payment if warranted

Principal

You:
responsible for fulfilling the agreement

Surety

Us:
the insurance company

Why choose Economical?

Your satisfaction is our top priority, and it’s guaranteed. With a specialized team of more than 600 claims professionals on your side, you’re sure to get the service you deserve — 24 hours a day.