SURETY AND FIDELITY BONDS
 

Commonly-Used Forms

1. Bond Request Worksheet (Bid, performance, payment and maintenance bonds)
2. Schedule of Contracts
3. Personal Financial Statement (s)
4. Bank Reference
    

New Client Surety Application and Forms

An initial application for bonding will allow Insurexchange to run credit reports, and will give us a pretty good idea of how much bond credit you qualify for, as well as which surety would best meet your needs.

The application should include:

1. Contractor Questionnaire, completed and signed.
    
2. The most recent YEAR-END FINANCIAL STATEMENT, prepared by a CPA according to GAAP, generally accepted accounting principles.
    
3. Two prior YEAR-END FINANCIAL STATEMENTS, if you've been in business long enough.
    
4. Copy of your most recent COMPANY TAX RETURN.
    
5. Personal Financial Statement (s) on the Owner (s) and spouse (s), as of the same date as the most recent company financial statement.
    
6. FINANCIAL STATEMENTS on related companies, if any.
    
7. RESUMES of the Owners, officers and key personnel.
    
8. Bank Reference
    
9. Copy of a current Certificate of Insurance.
    
10. WORK-IN-PROCESS: Schedule of Contracts. 

If you need the assistant of an independent construction accounting expert, we can refer you to individuals who have been financial/accounting officerswith major construction companies in just about all trades.  

Contact Bob Motta at (954)202-0110 for a personal surety meeting.  

Surety Glossary