As a licensed surety bond agency, Platinum Insurance helps Maryland contractors and business owners secure performance bonds quickly and affordably. Whether you need a bond for a public project or private construction contract, our team ensures your bonding process is smooth, compliant, and stress-free.
Get peace of mind knowing your projects meet Maryland’s bonding requirements.
We issue a wide range of performance bonds tailored to contractors, developers, and professionals across Maryland:
🏗️ Construction Bonds – Guarantees the contractor will complete work according to contract terms and project specifications.
🏠 Residential Bonds – Required for local home improvement or renovation projects to ensure completion and quality standards.
🏛️ Government or Public Works Bonds – Mandatory for projects with state or municipal agencies such as MHC, city councils, or county governments.
⚙️ Supply and Maintenance Bonds – Assure that contractors will deliver materials and maintain work for a defined period after project completion.
If you’re a contractor or business working on public or private construction projects, you may be legally required to secure a performance bond before work begins.
You may need a Maryland performance bond if you:
Bid or perform on state, city, or county contracts.
Are a general contractor or subcontractor for government projects.
Manage residential developments or renovations.
Provide specialized trade services such as electrical, roofing, or plumbing.
Are required by an obligee (project owner) to guarantee contract performance.
Unsure whether your project requires a bond? Contact us for free guidance.
Your performance bond premium depends on three main factors:
💡 Example: A $100,000 performance bond could cost between $1,000 and $3,000 based on credit and project type.
We work with multiple A-rated surety companies to find you the most competitive rate.
Our Maryland bonding specialists help clients overcome frequent obstacles like:
📞 Call (410) 680-6020 — we’ll help you secure your performance bond today.
Platinum Insurance has been Maryland’s trusted choice for contractor and construction bonds for years. We know the bonding process inside out — so you don’t waste time or miss out on projects due to paperwork delays.
Most performance bonds are issued the same day — fast, compliant, and backed by experienced agents.
A performance bond guarantees that a contractor will fulfill the terms of a construction or service contract according to the agreed-upon specifications.
Most Maryland performance bonds are approved and issued within a few hours once the application and documents are complete.
Yes. We partner with sureties that offer flexible programs for applicants with less-than-perfect credit.
They remain active for the duration of the project or as defined in your contract. Renewals are possible for ongoing projects.
You can apply online or by phone — our Maryland bond agents handle everything from paperwork to approval.
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Platinum Insurance provides Auto, Home, Contractors Liability, Surety Bonds, and Commercial Property Insurance.