Happy Holidays This time of year we celebrate all holidays the same way, we try to relate them to bonding in some way! The truth is, it is the time of year where contractors start to plan for next year. It is important to be as involved as possible this time of year to make […]
Bond Application The applications below can be used in situations where contractors have been declined for bonds by standard markets, or if standard markets do not approve contractors for large enough bonds. CCI Surety bond applications cover situations where a contractor may have a low credit score, working capital issues, or other financials issues. In […]
Small Contractor Surety Bond Program – $400,000 and Under Small Contract Applications– For Projects $400,000 and under SBA Supplemental Information – Include for consideration for the SBA Surety Bond Guarantee Programs No Credit Score Minimum CCI Surety, Inc. utilizes multiple tools to handle contractors that have low credit scores but still require bonding. We still […]
SBA Bond Market General Information about the SBA Bond Markets Sureties can choose whether or not to be an SBA Bond Market. Even if a surety is a SBA Bond Market they may still underwrite bonds differently. CCI Surety, Inc. has always focused on writing bonds for contractors with low credit scores, or other […]
Bid Bond Season Non-standard Bid Bonds Spring is the season of Bid Bonds in many parts of the country. Contractors often wait until the last second to acquire Bid Bonds which can leave insurance agents scrambling to place them. If you start working with a new client that needs bid bonds, remember that the […]
Bond Requirement Waived Contractor Growth Many contractors limit their growth by trying to get contract bond requirements waived or by avoiding bonded projects all together. As agents, you can help your contractor, especially smaller contractors looking to grow, by getting them in consistent and stable bond relationships. A contractor with clear and consistent bonding […]
Payment and Performance Bonds Bid Bonds Bid bonds are normally a precursor to needing a Payment and Performance Bonds. Anytime that a bid bond it issued, it is a signal that the surety intends to provide a Payment and Performance bond for the contractor. The underwriter working on your Bid Bond usually reviews the […]
Florida Motor Vehicle Dealer Bond Renewals General Information about the Florida Motor Vehicle Dealer Bonds The deadline to renew Florida Motor Vehicle Dealer Bonds is approaching. Renewal notices may be sent as early as this week which means clients will soon be looking to renew their bonds by the April 30th Deadline. CCI Surety, […]
SBA Bond Guarantee Program General Information about the SBA Bond Guarantee Program The SBA Bond Guarantee Program was developed by the Federal Government to help small to medium and emerging contractors gain more access to surety bonds. Surety bonds are required on many projects at many government levels as well as some private construction […]
$75,000 BMC-84 Bond – New Company 1 Page Application – No Financials Required Last fall, the FMSCA increased the bond requirement for BMC-84 Bonds from $10,000 to $75,000. The original deadline to acquire the bond was October 1st, 2013. During that time many freight brokers rushed to their insurance agents to place these bonds […]
