How Much Do Bid, Performance & Payment Bonds Cost?

by | Mar 3, 2022 | Uncategorized

One of the first questions we hear from potential clients is “Can you get me a Surety Bond?” and the second is “How much will that cost?” Our answers are typically “Depends on several underwriting factors, but it doesn’t cost anything to find out”.  Here are the...

What Are Financial Statements?

by | Feb 24, 2022 | Uncategorized

Financial Statements Explained As a Contractor or other entity needing a Surety Bond Program, you’re likely being asked to provide Financial Statements. This may be confusing, since you were able to easily buy $1,000,000 of Insurance without any Financial...

Do I Qualify For A Surety Bond?

by | Feb 10, 2022 | Uncategorized

The Three C’s of Surety – Qualifying for a Surety Bond What are the parameters used for determining if you qualify for a surety bond? This is where underwriting comes in. Underwriting is what the surety company will do when an insurance agent presents a...

Commercial Surety Bond Categories

by | Feb 3, 2022 | Uncategorized

The two main categories of surety bonds are contract and commercial. There are many types of commercial surety bonds, and there are often many names for those types. The standard ways to classify commercial surety are license and permit, court and probate, financial...

Contract Surety Bond Categories

by | Jan 27, 2022 | Surety Bonds, Uncategorized

There are two main categories of bonds. Each surety company classifies them differently, but traditionally, surety companies will have contract surety bonds and commercial surety bonds. Commercial bonds are essentially miscellaneous bonds, while contract bonds are for...