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Clover Insurance Brokers

3800 Steeles Ave West, Suite 201E,
Woodbridge, Ontario L4L 4G9

A Division of Wood & Kirkpatrick LTD,
Canada's Oldest Broker Since 1821

905-851-7774
905-851-7838
1-844-340-1578

Phone |

Fax|

Toll-Free|

Quote #8589

Hours

Mon-Fri 9-5 EST

Toronto Line|

Travel|

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*** EFFECTIVE OCTOBER 10th, 2024 ***
We are unable to process requests for quotes from the website.
Please CALL our office to speak to a Licensed Insurance Broker.
1-844-340-1578
Quote Requests done online will NOT be responded to.

Surety Bond

An agreement (not an insurance policy) by which the person or insurance company (known as the Surety) guarantees or agrees to be responsible for certain acts or performances which one party is undertaking to perform for another. the person for whom the work is being done is known as the obligee and the person who is required to perform the work is the principal. E.g. A contract bond in which an insurance company as surety guarantees owners of the building under construction (the obligee) that the contractor (Principal) will have sufficient money etc. to perform their undertaking under the contract.