Alpha Insurers has over 20 years of experience in Bonding, specializing in Construction Bonds. With the current volatile economic climate, our experienced and knowledgeable staff can tailor bonds to your needs from cost effective performance bonds for your projects to specific bonds assuring detailed protection. Alpha Insurers offers a range of bonds each aimed to give protection for certain events or occurrences that may happen during a project or contracted work.
Please Visit Us at one of our convenient locations in Hagatna or Upper Tumon, or Contact Us today for all your insurance needs!
- Performance & Payment Bond
- Material Supply & Equipment Bond
- Wage Bond
- Repatriation Bond
- Bid Bond
- Notary Bond
- Tax Preparers Bond
- Fidelity Bond
Surety is Action that can be taken against a certain person or corporation to make them liable for another’s Obligation, Debts, or Defaults in a signed contractual agreement.
- Comprehensive General Liability
- Owners, Landlord & Tenants Liability
- Manufacturers & Contractors Liability
- Owners & Contractors Protective Liability
- Professional Liability
- Directors & Officers Liability
What General Liability Covers:
- Bodily Injury & Property Damage to 3rd parties
- Completed Operations & Product Liability
- Liquor Liability Insurance
- Innkeepers Liability
- Fire Legal Liability
- Non-Owned & Hired Automobile Liability
- Premises Medical Payments
- Personal Injury and Advertising Injury
- Contractual Liability
This is majority of the coverage offered by our insurance carrier, but we are not limited to what is stated. We are flexible enough to find any special coverage your business may need.
A Surety Bond or surety is a promise to pay one party (the obligee) a certain amount if a second party (the principal) fails to meet some obligation, such as fulfilling the terms of a contract. The surety bond protects the obligee against losses resulting from the principal’s failure to meet the obligation.
- Surety- (Insurance Company) or who assures the obligee that the principal can perform the task.
- Obligee- (Owner, Payee) or the party who is the recipient of an obligation.
- Principal- (Obligor or Contractor) or the primary party who will be performing the contractual obligation.
