Class I Contractors Bonds - The Bond Agency

Class I Contractors

Small Contractors / Newly formed Contractors. Any contractor that does not have a CPA prepared financial statement.

We are looking for contractors that will grow into more standard bond accounts. We help agents develop small contractors into solid P & C accounts. Experience in area of expertise, including training, prior employment or self employed is a major underwriting criteria.

UNDERWRITING REQUIREMENTS:

For bonding on contracts up to $100,000 in this category we'll require the simple "Fast Track" application. Click here to download and print our "Fast Track" application.

For Bonding on Contracts above $100,000. We'll need the above plus:

  • Contractor Questionnaire.
  • Personal financial statement from each equity owner of the business.
  • Evidence of personal cash deposits and investments. (Copies of bank statements, etc.)
  • Owners resume of experience in trade or line of work.
  • Most recent business Tax Return.
  • Internal or "in house" financial statement, if any.
  • Bank Line Letter showing amount of line of credit.

BOND LINES:
Bonding will be considered within the above limits per contract (or per bond), on a "case by case basis".

RATES:
Rates for this class will be between 2.5% and 3.0% of the contract amount.

Apply Now

For Contractors - To obtain a contract bond or bond line start here. We'll do a quick review and let you know what additional information we will need. Click Here to apply or Click Here to learn more about Contract Bonds.

Pay My Bill

For Businesses & Individuals - To obtain a license, permit or misc. bond start here. We'll do a quick review and let you know what additional information we will need. POOR CREDIT IS NO PROBLEM! Click here to apply.

What is Surety Bond

For Businesses - To help you obtain the fidelity bond you need start here. We'll do a quick review and let you know if we can write your bond, the approximate rate, and what additional information we will need. Click here to apply.

Poor Credit? No Problem!

For Agents & Brokers - The Bond Agency offers its bond markets and expertise to Agents and Brokers.  We can help you place bonds for your contractor and business clients.  Click Here to access our Agents and Brokers page.