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Whatever your area of expertise may be, AXA helps you see your projects through in Canada and worldwide. Learn more about our full range of contractor bonds.
A leader in liability insurance and surety bonds, AXA has also supported Quebec contractors for over 70 years.
AXA issues bonds for high-tech businesses and more traditional sectors like the construction industry. In fact, we’ve facilitated many large construction projects in Canada, including the James Bay project, a testament to our financial savvy and our pioneering support of large-scale projects.
General contractors, subcontractors and other parties involved in private or public contract work usually require the following types of bonds:
To stay current with all our markets and to better serve our clients, AXA has secured two surety teams in Quebec: one in Montreal and the other in Quebec City.
AXA offers surety bond services across Canada from our Vancouver, Calgary, Edmonton and Winnipeg offices.
Because of our international presence, the AXA Group can also issue bonds outside Canada for contractors working in the United States from our Canadian offices.
The AXA team is made up of qualified surety professionals who, in addition to their financial expertise, have acquired years of experience in various fields, including service contracts, manufacturing and construction.
Our experts meet with their clients on a regular basis. To provide the best possible service, they only serve a specific territory so they can maintain relationships with the area’s brokers and treat each of their client files personally.
Our management team constantly keeps in touch with owners and contractors' associations, and makes it a point to be active members of these organizations.
This bond guarantees that the Principal (the contractor) will enter into a contract with the Recipient if his/her bid is accepted as part of a call for bids. If the Principal does not meet this obligation, the bond requires him/her to pay the Recipient a sum no greater than the amount of the bid bond (usually 10% of the tender amount).
This bond guarantees the performance of a contract or job according to established plans and specifications. The Recipient requires such a bond when the contract is signed with the Principal.
In the event of default on the part of the Principal (the contractor), this bond guarantees that subcontractors and suppliers will be paid in accordance with the contracts they entered into with the Principal, provided that they are included in the definition of claimants and have complied with the bond terms and conditions. Where required, this type of bond is issued with a performance bond.
This bond is issued once the work is completed. It guarantees that the Principal will remedy defective workmanship, materials or omissions surrounding a bonded project for a specific period of time. The Recipient who requests the bond may then decide to release the holdback.
To obtain an insurance policy or get more information, please contact an AXA broker in your area.Find a broker
Certain conditions may apply to the offers described above. Details of the coverage are subject to the conditions and limitations of the contract of insurance. For complete details, please speak to your broker.
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Fees and expenses incurred by lawsuits
Your company's activities, products and work, and the incidents that occur on its premises can give rise to personal liability lawsuits for personal and property damage and a range of other damages. Compensation stemming from these legal proceedings is often quite high and can put your company's financial stability in jeopardy. It's important, therefore, to make sure you have the protection you need.
Your company's rights and obligations
Every day, your company is subject to a variety of laws and regulations. In all things legal, information and prevention will spare you from worries and steep legal fees. For any legal questions on your company's activities, you and your representatives can turn to our legal assistance hotline.
Dealing with a Broker or an advisor
There are several advantages to dealing with insurance brokers. Bear in mind that they are specially trained, are licensed, and have an excellent understanding of insurance. That means they are perfectly positioned to offer a host of insurance products tailor-made for your needs.