Maintenance & Warranty Bonds
Issued nationwide by Machaen Insurance Agency, backed by A-rated, Treasury-listed sureties.
Overview
A maintenance bond, also called a warranty bond, guarantees that a contractor will correct defects in materials or workmanship that appear after a project has been completed and accepted by the owner, for a defined warranty period, typically one to two years. Unlike a performance bond, which covers the construction phase itself, a maintenance bond picks up where the performance bond leaves off, giving the owner recourse if problems surface after the crews have moved on.
Who Needs This Bond
- Contractors closing out a public project where the obligee requires a warranty bond as a condition of final payment
- Contractors on private developments with owner-mandated warranty periods
- General contractors who subcontracted work and want warranty coverage aligned with their own obligations to the owner
How Much Does It Cost?
Maintenance bond premiums are generally low relative to performance bonds, since the obligation is narrower in scope, typically a percentage of the original contract value scaled to the length of the warranty period.
How to Get Bonded
Apply
Complete a short application with your business and coverage details.
Get Quoted
We shop the market among A-rated carriers for the most competitive terms.
Get Covered
Sign your agreement and receive your bond or policy, often within a few business days.
Stay Compliant
We track renewal dates so your coverage stays active without a lapse.
Frequently Asked Questions
How long does a maintenance bond stay in effect?+
Most maintenance bonds run for one to two years after project completion, matching the warranty period specified in the construction contract, though terms vary by obligee.
Is a maintenance bond required on every project?+
Not always. Some obligees fold warranty obligations into the performance bond itself, while others require a separate maintenance bond at project close-out. We can confirm what your specific contract requires.
What triggers a claim on a maintenance bond?+
A claim typically arises when a defect in materials or workmanship appears during the warranty period and the contractor fails to correct it after being notified by the owner.
Get a Quote for This Bond
Speak with our surety team about your Maintenance & Warranty Bonds requirements.
201-316-4159
Request a QuoteNeed a Maintenance & Warranty Bonds?
Get a fast, competitive quote from Machaen Insurance Agency’s licensed bonding specialists.
Request a Quote