Third-Party Construction Project Insurance Solutions – Quebec
Strategic partnership to ensure a bonded guarantee
Signing a contract is a commitment to follow through and to complete the work. A bonded guarantee can come in handy when backing up is needed. Through a detailed risk management assessment, you can secure the right bonds that allow you to get the contracts you want.
An effective risk management strategy must first consider unforeseen threats that could possibly blindside you. By combining our unique perspective and knowledge, we can expose those unexpected hazards and handle them without hesitation.
SEE THE BLIND SIDES OF YOUR RISKS FROM EVERY ANGLE
LET'S BUILD A CUSTOM INSURANCE SOLUTION
Whether you are an independent contractor, managing a large firm that subcontracts work, or a multinational manufacturer/supplier, BFL CANADA can provide you with a surety bond solution that meets your needs.
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.
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.
Guarantees to the client that performance and payment bonds for labour and materials will be issued in the event a contract is signed.
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.
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.
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.
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
- Canada Customs
- Driving Schools
- Private or Professional Schools
- Travel Agencies
- And many more
It is difficult to list all our products because many of them are customized.
YOUR TEAM OF LOCAL ADVISORS
THE BFL CANADA ADVANTAGE
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.