Contract Performance & Payment Bonds

Summary of coverage

Not all contractors have the ability to qualify for surety credit under the ‘“traditional’” model. We are uniquely equipped with the requisite skill and knowledge to underwrite special situations, companies and individuals. Typically, our specialty contract clients are skilled contractors that may have one or more of these traits: no established surety credit; a desire to expand in size, scope, and/or territory and limited corporate financial base relative to credit needs.

We take the time to get to know and understand our contractors, allowing us to structure a program utilizing whatever terms necessary to provide surety credit. Some of the solutions we provide include working with the U.S. Small Business Administration Bond Guarantee Program, as well as state and local bond assistance programs.

Additionally, we have the ability to secure unique forms of collateral, including letters of credit, cash, real property and pledged securities accounts.

Our local knowledge and resources provide an outstanding combination of products and expertise for performance, payment and maintenance bonds. We work with our contractors to grow their businesses and provide all levels of support. Our flexibility allows contractors to expand their surety credit availability to meet business demand.