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Payment Bond

What is a Payment Bond?

A Payment Bond is a type of Contract bond that ensures that subcontractors and suppliers are paid for their services.


Protects the project owner from potential liens and financial loss if the contractor fails to pay subcontractors and suppliers. 

Why You Need It

To secure the payment chain and prevent disputes over unpaid work. 

Required Infromation

Contractor’s financial and credit history, project details, and contract amount. 

Bond Cost

Often combined with performance bonds, the cost is typically 1-3% of the contract amount, depending on the contractor’s creditworthiness and project size. 

Get A Payment Bond 

Fill out our short form and an agent will be right with you to get you set up with your Payment Bond!