As a licensed Maryland surety agency, Platinum Insurance helps contractors and suppliers secure labor and material bonds quickly and affordably. Whether you’re bidding on a government contract or working on a private construction project, our team ensures full compliance and fast approval so you can keep your projects moving.
Protect your work and reputation with Maryland’s trusted bond experts.
We issue a range of labor and material bonds designed for contractors, subcontractors, and suppliers across Maryland:
🏗️ Labor and Material Payment Bonds
Guarantees that contractors will pay workers, subcontractors, and suppliers for labor and materials used in a project.
🏛️ Government & Public Works Labor Bonds
Required for public construction projects by state and municipal agencies to ensure prompt payment to all involved parties.
🤝 Labor Union Bonds
Guarantees that employers make timely contributions to labor union funds, benefits, and dues as required by union agreements.
📑 Combined Performance & Labor Bonds
Covers both contract performance and payment obligations for complete project protection.
You may need a labor bond if you’re involved in any project where workers, subcontractors, or suppliers must be paid through a guarantee. Common professions include:
Not sure if your project qualifies? Our Maryland agents can help you determine the right bond type.
The cost of your labor and material bond depends on:
💡 Example: For a $100,000 labor bond, expect to pay between $1,000 and $3,000 depending on credit and project complexity.
Platinum Insurance helps Maryland contractors and businesses overcome frequent bonding challenges, such as:
📞 Call (410) 680-6020 – your Maryland bond approval is just one call away.
Both bonds protect different aspects of a construction contract:
Most government projects in Maryland require both to protect all parties involved.
With years of experience serving Maryland contractors, Platinum Insurance simplifies the bonding process. We handle everything from paperwork to approval — helping you secure your labor or labor union bond quickly and confidently.
Most Maryland labor bonds are approved the same day by our local experts.
A labor bond guarantees payment for labor and materials supplied during a construction project, ensuring all workers and vendors are compensated.
A labor bond covers payments to workers and suppliers, while a performance bond guarantees that the project will be completed as per contract terms.
Employers working under union agreements often need labor union bonds to ensure timely payment of dues and benefits.
Most Maryland labor and material bonds are approved within hours once documentation is complete.
Yes — we work with surety partners offering flexible programs for applicants with less-than-perfect credit.
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Platinum Insurance provides Auto, Home, Contractors Liability, Surety Bonds, and Commercial Property Insurance.