Large Contractors Standard Surety Program
Standard surety program limits are underwritten based on experience, working capital and equity. These programs are underwritten by the top 20 surety performers in the country and offer the most competitive rates. If you currently have or have had surety credit in the past, please click here to be directed to the appropriate application and forms. Please feel free to call us for a confidential consultation or to set up a meeting where we can discuss your program needs and how National Surety Services can assist your company.
Medium Contractors Standard Surety Program
These programs are geared for contractors needing single limits of less than $50 million and total work programs of less than $100 million. We have a special blend of sureties that specialize in this area who offer the most competitive rates in the industry. Many of the large sureties target this market, but none the less, you are still a small client to them. Having a carrier on your side which focuses within these limits means you are a substantially important client and you are at the top of their list in lieu of being at the bottom. Click here to access our application package for our mid-size contractors program and find out how your company can grow with the right surety and our agency.
Small to Medium Contractors Standard Surety Program
These programs are geared for contractors performing less than $25 million a year in revenue. As with the Medium Contractors programs, we have multiple markets that specialize in this area and also offer the most competitive rates in the industry. Many of the large sureties, at times, also target this market area. However you are a small client to them. Being with the right sized surety market makes the difference of the surety supporting your growth outside the box and not within the large market stringent underwriting guidelines. Click here to be directed to our application package or feel free to call us for a confidential consultation or to set up a meeting to see how we can help your company secure a better relationship that will last for years to come.
Small Contractors Standard Surety Program
These programs typically target limits up to $6 million single and under $15 million in total backlog. This market arena has a vast amount of surety participation with the most competitive rates available. National Surety Services has over 25 years of experience working with small contractors to help them grow their companies. Give us a call or click here for our application package to take the first step towards building your company with our agency.
Small Contractors Specialty Program
These programs are geared to help small contractors aggressively strengthen their revenue. Although they are considered specialty programs, in most cases, the program is only special due to the higher rate charged over the standard programs. Typically the limits under these programs are in the single range of $4 million or less and aggregate limits that don’t exceed $8 million. There are multiple tools available to assist clients with job stretches, back log experience and even less than desirable credit issues. We have been here servicing the small contractors industry for over 25 years, click here to be navigated to our application package or give a call today to see how we can help you achieve your goals.
Small Business Administration (SBA) Surety Program
The SBA surety program is offered to qualified contractors who can benefit from this government program with surety guarantees up to $6.5 million on a single project. The SBA program can help contractors grow aggressively as they have much lower ratios for working capital than that of the traditional markets.
The SBA has assisted some of the most successful contractors in the country when traditional surety credit was not available. Click here to be directed to our SBA Application Package but, we do encourage you to call us for a consultation to make sure this program best fits the needs for your company.
Contractors Credit-Based Surety Program
Many carriers that have a simple one page application and indemnity agreement for single projects up to $350,000. We have multiple surety companies who offer credit-based programs which are solely based on the personal credit score of owner(s)/spouse(s). Although this is a great way for a small contractor to be qualified and bid smaller projects, the sureties do typically charge a higher rate because the only qualification is credit. Click here to access our credit-based application.
Contact us today for more information on which surety program best suits your company.