Surety Bonds Quebec
In addition to being an issuing and authorized broker for surety bonds, BFL CANADA has access to to a majority of Canada’s markets and insurers in Canada. Thanks to our many years of experience and our strong relationships with the bonding companies, our team of professionals can bond a vast array of contact obligations for your projects.
BFL CANADA is the first choice when you need a surety that will allow you to get the contract that you want.
Discover your coverage solutions
To find the right product, our team of highly experienced professionals have partnered with all major Canadian surety companies. These partnerships also enable us to provide bonds in the United States and internationally.
BFL CANADA is also an active member of the Surety Association of Canada.
PREQUALIFICATION LETTER
Confirms that the company qualifies as a potential bidder for a particular project or a particular owner.
This letter is not a proof of bond, but rather a pre-bond document issued by the surety.
BID BONDS
Protects against the “lowest irresponsible bidder” scenario and encourages a contractor to sign a contract and provide the required guarantees. The bid must be accepted before expiration of the bid validity period.
COMMITMENT LETTER (INTENTION)
Guarantees to the client that performance and payment bonds for labour and materials will be issued in the event a contract is signed.
PERFORMANCE BOND
Guarantees that the terms and conditions of a contract are complied with and protects the project owner in case of a financial loss or breach of contract.
LABOUR AND MATERIAL PAYMENT BOND
Assures the client that the contractor will pay any natural or legal person and their subcontractors and suppliers, according to the chosen wording, for services, materials or equipment intended exclusively for the work, according to the terms of the bond.
MAINTENANCE AND WARRANTY BONDS
These bonds can be required in order to protect the contractor or project manager once the structure or project is completed. Maintenance bonds are a form of guaranty that covers maintenance against potential default and faults for a specific time period.
LICENSE AND PERMIT BONDS
Some municipal, provincial and federal entities request licenses and permit bonds for specific industry/business operations depending on the risk for the public.
- Bureau de la sécurité privée
- ATA Carnet
- CPTAQ – Commission de protection du territoire agricole
- Curator
- Canada Customs
- Driving Schools
- Private or Professional Schools
- Hydro-Québec
- GRC/RCMP
- Travel Agencies
- RBQ
- SAAQ
- And many more
It is difficult to list all our products because many of them are customized.
Representatives available across Canada
The BFL CANADA advantage in a competitive market
BFL CANADA has achieved extraordinary growth because of our consistent ability to perform and deliver due to our expertise, professionalism and dedication, as well as our entrepreneurial culture. This culture and work ethic have driven our growth and attracted organizations with which we have established meaningful and mutually beneficial partnerships.
WHY DOING BUSINESS WITH BFL CANADA IS IN YOUR BEST INTEREST?
We are insurance and surety brokers, we don’t work for a surety company. We work for you, we are part of your team!
- We negotiate on your behalf to get the highest bonding limits, and best rates and terms.
- We deal with all major surety companies.
- We work with our clients to develop tailor-made solutions adapted to their reality.
- We have offices across Canada to meet your local needs and partners in over 140 countries for your global ambitions.
- We are solution seekers for companies of all sizes and every industry.
At BFL CANADA, we help our clients get peace of mind and achieve their goals. As your surety brokers, we canvas the market to find you the best surety solution.
