An encroachment bond is a requirement mandated through municipal authorities in the event that a construction project on private property may spread onto public property. This contractor’s bond guarantees that the work in question will not cause alteration of the condition of the public property—or that the property will be restored to its original condition in the case of alteration.
Amounts vary, taking into account the complexity of the project and its potential for damage to the property in question, required for projects that:
- Are over or under a public roadway
- Include a structure that borders a public road or highway
This type of surety bond may also be required for certain special events, such as a fair, farmer’s market or other public events in order to ensure that the adjacent roadways are restored to their original conditions with any damage repaired.
To apply for an encroachment bond for construction sites anywhere in the United States, call Contractor Surety Group today. Our experience is unparalleled in the industry, and our dedicated construction bonding agents are here to answer any questions you might have.
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