Account Profile – $245,000 Final Bond An agent approached CCI Surety with a long time Fire Alarm Installation Contractor client that didn’t typically work on bonded projects. Our biggest challenge with this account was the low personal credit scores of both the husband and wife who owned the company.We can often handle accounts that have […]
License and Permit Bond Application The License and Permit Bond 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 […]
Bid bonds are an essential link in any government project, meaning it’s a smart idea to learn how these products function and how they fit into the overall scope of working with contractors. The fact is that while bid bonds might not be the most exciting topic you’ll ever research, they might just ensure your […]
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 […]
