FAQ: Is ATI bonded and insured?April 26, 2014
Aggregate Technologies carries insurance which exceeds industry standards for coverage, and often has to bond jobs due to the size and difficulty of project. We actually prefer to work with customers that require us to carry a lot of insurance and for us to bond the project; these requirements tend to narrow the playing field of qualified bidders.
Companies that are able to be bonded tend to have better financial stability than companies that cannot, since bonding ability and capacity is based on financial strength and the company’s ability to complete projects. Some contractors now are carrying the bonds themselves, and doing everything internally. We will go into these partnerships as well.
Depending on the year and our type of work we could have half to three-fourths of our yearly sales under bonds. And the type of environments (industrial, petrochemical, marine, medical) we work in requires us to have a many types of insurance. ATI has never had a job that it couldn’t bond or insure.
Specific types of insurance we carry are:
• USL&H Workers Compensation Act
• General Liability insurance, along with a Excess Umbrella.
• Maritime Insurance.
If there is any need to get additional insurance or some type of special insurance for a particular project, we have a great relationship with our insurance broker and can meet the needs required.
If your project requires a company that can meet the financial and insurance needs of your situation, then call Aggregate Technologies, Inc.1-877-752-2729 (1-877-SLABSAW)