Services

Centennial Surety and its affiliates service hundreds of contractors in the Mid-Atlantic Region. While our main business is construction bonds, we have expertise with non-construction industries that requires a variety of bonds for many different purposes.

Additional types of bonds that we write are subdivision bonds and commercial bonds. The specific bond types that we offer can be found under the various services that we provide.

CONSTRUCTION BONDS:

Bid Bonds

Bonds which guarantee that the bidder on a contract will enter into the contract and furnish the required payment and performance bonds.

Performance Bonds

Bonds, which guarantee that the contractor will perform the contract in accordance with its terms.

Labor & Material Payment Bonds

Bonds, which guarantee payment for labor, materials, equipment and/or supplies for use in the performance of the contract.

Subdivision Bonds

The Surety guarantees to a city, county, state or other jurisdiction that the developer will finance and construct, improvements such as streets, sidewalks, curbs, gutters, sewers, and drainage systems in accordance with the existing development codes.

Commercial Bonds

License & Permit Bonds

Bonds which guarantee the compliance with specific codes, established by States or other jurisdictions, governing the various trades which they license, such as plumbers, electricians, real estate agents and brokers, notaries, home improvement contractors, or mortgage brokers.

Financial Guarantee Bonds

Bonds which guarantee a financial obligation such as lease agreements, tuition agreements or loan repayments.

U.S. Customs Bonds

Bonds which guarantee the actions and payment of duties for importers and exporters dealing with the U.S. Customs Department.

Court Bonds

Bonds that Secure the performance on fiduciaries' duties and compliance with court order, e.g. administrators, executors, guardians, trustees of a will, liquidators, receivers, and masters. Judicial proceeding court bonds include injunction, appeal, indemnity to sheriff, mechanic's lien, attachment, replevin, and admiralty.

Employee Dishonesty Bonds

Bonds that are purchased by employers to protect themselves from monetary loss caused by the dishonest acts of their employees such as embezzlement, theft, falsification of records, forgery, etc. They can be acquired to cover all employees, a specific class of employees, or a single individual employee.

Public Official Bonds

Bonds provided by public officials, elected or appointed, which guarantee the faithful and honest performance of their duties