Our approach is traditional, utilizing net worth as the primary underwriting criteria. In addition to contract surety accounts, the company writes Public Official, Probate, Judicial, License & Permit and certain Miscellaneous Bonds.
Our team is small but our service is outstanding. You can expect a call within 24 hours. We prefer to issue agency lines to accommodate accounts with active bond needs.
The basic purpose of a contract bond is to guarantee completion of a contract according to its terms. Bonds include: Payment & Performance Bond, Subcontract Performance Bond, and Maintenance Bond.
Contract bond submission requirements:
Completed Contractor Profile Form
Previous three fiscal year-end financial statements
Personal financial statements for all owners or stockholders
License and Permit Bonds are required by local and state governments to protect the public from damages caused by a failure to comply with applicable codes and statutes. The Long Form Application should be completed for bonds over $25,000.00.