Bonds

 

 

In simple terms a Surety Bond is an agreement between three parties – the principal, the surety and the obligee. In this agreement, the applicant (the business owner) is the principal and Provincial Business Licensing and Registration Body who is requesting the Bond, is the Obligee and the Company issuing this bond is the Surety. NEXUS offers a variety of Bonds for

Contractors and Businesses. Bond amounts are available from $10,000 to $100,000 and Bond terms available upto 1,2 and 3 years. Most Obligees do not accept digital copies of the Bond and require a hard copy with Surety Seal and Signatures. In an attempt to accelerate the process, Bonds will be sent to the Principal by mail within 24-48 hours of purchase, guaranteed.