Texas Commercial Bonds
As varied as the people of Texas, our bond services meet a wide range of needs. The Nitsche Group offers bonds for companies both large and small and will partner with you to find the right level of protection for your business. And with our network of bond providers, we’ve got plenty of help finding the perfect fit for you.
Learn why thousands have trusted us for their commercial bonds for over seven decades. One of our bonds specialists will be more than happy to answer your questions and help tailor a policy to meet your businesses individual needs.
With more than 70 years of helping clients protect their businesses, we have the know-how to find a bonds solution that fits your passion and profession.
Get in touch.
Fill out and submit the form below to have one of our representatives contact you about your coverage options.
Insure Your Commercial Business With Our Specialty Bonds Protection
From protecting the public to protecting your business, bonds wear a lot of hats and fill a lot of shoes. Finding the bond that meets your needs without affecting your bottom line can be a difficult task. Fortunately, with more than seven decades of experience helping businesses like yours, we’ve got the know-how and network of partnerships to find the right cost-effective bond for you. While taking out bonds for your business is a good practice, it is often required by law. Our bonds team will help ensure you meet both the requirements of the law and what works best for your company. The Nitsche Group offers bond services for a variety of applications, including:
- Contractor’s Bonds
- Notary Bonds
- Court Bonds
- Probate Bonds
- Surety Bonds
- ERISA Bonds
Construction bonds are a type of surety bond utilized by investors when beginning a construction project. With every public and government project, contract bonds or construction bonds are required by the state of Texas. Contractors bidding for construction projects are required to provide a contract bond to protect against potential default or failure to complete a project and it’s specifications.
Bid Bonds promise compensation to the bond owner if the bidder is unable to meet the terms of the contract. This gives owners the confidence that the contractor has the financial ability to complete the project at the quoted price. The cost of the bid bond varies in regard to the contractual terms, bid amount, and jurisdiction of the project work but will typically require between 5% and 10% of the tender price.
Performance bonds replace bid bonds when contractors accept a bid and begin work on the project. The purpose is protecting financial loss to the owner if the standard and quality of the work does not meet the terms in the contract. In the case of poor workmanship, the project owner may file a claim against the performance bond, providing compensation for the cost of correcting the work.