How We Evaluate Contractor Accounts
We classify Contractor Accounts based on the type of financial statement they produce and evaluate them based on important underwriting criteria such as experience, financial capacity, credit and bill paying history and the background of the business owners.
For a detailed review of the various classifications, the underwriting information necessary to apply and the rates and bonds limits generally available for each class please click the appropriate heading below:
CLICK ON THE CLASS HEADING THAT APPLIES TO YOUR COMPANY AND LEARN MORE ABOUT THE UNDERWRITING AND APPLICATION PROCESS.
CLASS I Contractors
"Small companies, startup companies, companies without a CPA financial statement"
CLASS II Contractors
Contractors who produce a CPA Financial Statement but statement is not in a standard contractor format.
CLASS III Contractors
Contractors that produce a CPA financial statement in a standard contractor's format but have financial results that depart from the norm.
CLASS IV Contractors
Contractors whose CPA financial statement format is standard and financial profile is normal or above average.