Posted by Erik Mueller for Old Republic Surety
Maybe you’re bidding on your first public project, or the financiers of a private job require a bond. You may have previously qualified for a Fast Bond program, which is available for small projects, but now you’ve graduated to standard contract bonds.
You’re probably a bit anxious about going through a full underwriting process. But with a little knowledge and some preparation, being examined by a surety company can be a positive experience that puts your construction business firmly on the path to growth.
Start by getting yourself a professional surety agent. Talk to the property-casualty agent who insures your business. They may be very knowledgeable about the surety world. Or perhaps the agency they work for has agents who specialize in bonds. If not, ask for a referral.