Bonding

Holman Insurance Brokers Ltd. is able to provide many types of bonds available for business based on your operations and industry regulations. Some of the most common ones we sell, are Construction Bonds, Surety Bonds, License & Permit Bonds, Customs & Excise Bonds, Estate Bonds and Lost Instrument Bonds. We also specialize non-standard, complex or cases and emerging industries.

What is a Bond?  

Bonds are essentially a guarantee  that your business will carry-out its performance and meet a regulatory or financial obligation to your client/fellow business.

Obtaining the proper Bond is simple as filling out a short quoting form, we will give you a quick call to ensure you are getting the right bond and answer any questions you may have. Bonds can be quite confusing, but our brokers are here to help simplify the process.

Bill 142 – Are you ready?

New mandatory surety bonding on Ontario public contracts

All contractors performing work under a “public contract” – i.e., a contract respecting an improvement with the Ontario Crown, a municipality or other broader public sector entity – will be required to provide a labour and material payment bond and a performance bond, each for at least 50% of the contract price. For our American readers, Ontario is essentially now adopting the Miller Act approach to Ontario public projects. However, note that the Act does not apply to federally governed projects located in Ontario. 

SURETY BONDS

Surety Bonds also known as Surety Bonding is a type bond that is required by businesses such as construction companies, contractors, manufacturers, renewal energy companies, information technology and the logistic industry to name a few.

Some types of CONSTRUCTION BONDING we have been asked to provide bonds includes:
 

• General Contractors
• Subcontractors
• Suppliers
• Road Builders
• Bridge Builders
• Controls
• Drywallers
• Painters
• Elevators
• Engineering
• Flooring
• Roofing
• Remediation & Abatement
• Water Management & Recycling
• Sewer & Watermain
• Gravel Pit Operators
• Mechanical & Electrical
• Glass & Glazing
• Architechtural Metal & Cladding
• Landscaping & Snow Removal
• Flooring
• Roofing
• Site Servicing

We have access to most major surety company in Canada and being in business for over 35 years has allowed us to build relationships that not only gives us preferred rates, but also fast turn around times. We create custom tailored bonding packages for each client and strive to provide an easy and hassle free service.

Once you contact Holman Insurance Brokers Ltd  or use our Speedy Bonding website for your Surety Bond needs, all you need to do is sit back and let our bonding specialists do the work. We go to multiple insurance companies/surety companies and negotiate deals on your behalf.  The process can take as little as a few hours or as much as a few days depending on your submission and complexity. We are also able to provde e-bonds or digitally signed bonds.

We make it simple, and easy!

• Speak to a bonding specialist
• Compare your Free Quotes
• Setup your bonding facility
• Discuss your bonding requirements
• Receive your bonds

LICENSE & PERMIT
 

• Employment Agency / Foreign Worker Recruitment
• Auctioneer License Bond
• Automobile/Motor Dealers Bond
• Bailiff Bond
• Cemetary & Funeral Act
• Collection Agent Bond
• Consumer Protection Act
• Contractor’s License Bond, Quebec
• Direct Sellers Bond
• Driver Training School Bond
• Electrical Contractors License Bond
• Electrical Safety Act Bond
• Gas Safety Act Bond
• Gas Contractor’s Bond
• Insurance Adjusters Bond
• License Plate License Bond
• Security Agreement With Respect to a Publicity Contest
• Mechanical Permit Bond
• New Residential Home Warranty-ACQ
• New Residential Home Warranty-APCHQ
• Prepaid Contractor’s License Bond
• Private Approach (Road Cut Permit Bond)
• Private Investigators & Security Guard Act Bond
• Quarry Permit Bond
• Real Estate Agents Bond
• Road Cut Permit Bond, Ottawa (GENERAL)
• Road Cut Permit Bond, Ottawa 1-10 Permits
• Roofer’s License Bond (RCABC)
• Sewer Tappers Performance Bond
• Police Services Bond

CUSTOMS & EXCISE BONDS
 

• Customs Brokers License Bond
• Release of Goods Customs Bond, Customs Broker only
• Release of Goods Customs Bond, Importers
• Temporary Importation of Articles
• Bonded Freight Forwarder Operations
• Bonded Highway Carrier Operations
• Bonded Air Carrier Operations
• Customs Sufferance Warehouse
• Customs Bonded Warehouse
• Excise Bond
• Non-Resident G.S.T. Bond
• Bonded Marine Carrier Operations
• Bonded Rail Carrier Operations

OTHER BONDS
 

• Carnet Bond – Single
• Carnet Bond – Multi
• Estate Bonds
• License Bonds

For more information, please contact Paul Holman
905-886-5630 ext 1246 or
Email: [email protected]