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QUALIFICATION PROCESS |
INITIAL APPLICATION PACKAGE
Thank you for your interest in obtaining bonds through The Bond Department and Associates Agencies. In order to prepare a submission, the following items are needed:
- Key Employee Resumes
- Last three year-end business financial statements
- Buy-Sell Agreement
- Bank Verification Letter
- Contractors Questionnaire
- Work-in-Progress report
- Questionnaires & Financial Statements of any related entities
- Personal Financial Statements on all owners
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The FIRST BOND - QUALIFICATION PROCESS (next page) outlines the process and details some additional information that may be required. In addition, the SURETY FINANCIAL ANALYSIS outlines the common financial ratios and performance measures used by the Surety Underwriters to assess your financial strength.
The following Services are available to you:
- Maximizing your bond capacity by proper presentation of your information on a continuing basis... to the surety which best fits your particular requirements
- Years of Surety underwriting and agency experience are provided for counseling on financial statements, credit history and experience for the most advantageous presentation.
- Maintaining the quality of your bond file in regard to suggestions concerning financial or operations changes that could have a negative impact on your bonding.
- Assist you in handling any disputes on bonded projects.
- Assist you in review of your Sub or Prime contractors as applicable to your operations.
- An agency surety underwriter rather than a clerical employee or an insurance agent will review your bond request.
- Delivery of bonds to your office
- Assistance with business perpetuation, continuity and Key-man life agreements.
We welcome your inquiry toward establishing
A... BONDING... RELATIONSHIP
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