Mechanics Lien Release Surety Bond With No Collateral For Most Clients

BOCA RATON, Fla. - June 20, 2016 - PRLog -- All Risk Bonding Group provides surety bonds, also known as performance bonds, for the construction industry - these bonds are used for the purpose of securing a guarantee of completion. Surety bonds are a financial tool used to guarantee that in the event of a developer or contractor's default, funds are available to finish the construction and ensure the proper function.

A Mechanics Lien Release Surety Bond is a surety bond required of owners in certain construction projects. A lien is typically filed by a contractor on the owner's property when they are in dispute with the owner over payment for services provided. The lien is a means by which the contractor seeks to take the property of the owner by force of law and eventually foreclose it in order to secure the value of the services or materials that they have added to the property. The release of lien bond allows the owner to discharge the mechanic's lien and returns the legal right to sell or deal with the property to the owner. The bond guarantees the contractor who placed the lien any payment that is still due to them with interest and cost should they win the case.

"Any contractor whether in business for one year or 100, large or small, experienced or novice, can experience serious problems. Through the years surety bonds have held fast as a comprehensive and reliable instrument for minimizing the risks in construction." explained Randy Schleger, CEO of All Risk Bonding Group, a division of All Risk Insurance Group, Inc. based in Boca Raton, Florida.

All Risk Insurance Group, Inc. is located at 101 Plaza Real, South Suite 218 in Boca Raton, Florida 33432. Call (561) 395-5220 or visit http://www.allriskinsurancegroup.com/. For more information about surety and performance bonds view www.mybonding.com.

For media inquiries, to schedule an interview or receive additional information, please contact Kat Wagner at kpwmediagroup@gmail.com; (786)571-6112.