For more information regarding Surety Bonding, contact us today.
Metayer Bonding Associates offers more information about the Management of Your Surety Bond Program. Learn more about Surety Bond Producers to make an informed decision about who you choose as your Professional Advisor.
Most surety companies issue surety bonds through surety bond producers, commonly referred to as agents or brokers. That is why the first step toward establishing sound surety credit is contacting a professional surety bond producer. The producer is an integral part of the surety relationship, and should be considered a member of the contractor’s external advisory group – along with attorneys, CPAs, and bank officers. Surety bonding is an intricate process, and each surety company has its own unique underwriting standards and practices. Business philosophies, market niche, and underwriting practices vary from company to company. The producer understands these differences, and can match the needs of the contractor with the surety company that is best suited to service those needs. If you would like more information regarding the process of surety bonding, please contact us today.
Obtaining a line of surety credit requires extensive, detailed work for every bid a contractor submits. By using their specialized knowledge of the construction industry, surety bond producers prepare the contractor for the surety company’s rigorous prequalification process, also referred to as underwriting.
Contractors should look for a producer that specializes in bonding for the construction industry. A surety bond producer should have the following qualities:
*Surety Information Office: The Information Source on Surety Bonds in Construction