The bid is due Friday. Your bond shouldn't be the holdup.

A surety bond is a three-party guarantee: the surety backs your obligation to a third party, called the obligee. Unlike insurance, if the surety pays a claim, you're expected to reimburse it. That's why underwriting centers on your financials — and why how your file is presented matters so much.

Most commercial bonds run roughly 1–3% of the bond amount per year, depending on credit and financials. Contract bond pricing depends on job size and your financial strength. We shop multiple sureties so you see the best available rate — not just the first quote.

Usually, yes. Specialty surety programs exist for challenged credit, typically at a higher rate. We'll tell you honestly what's achievable today — and build a path back to standard markets as your financials strengthen.

Many license, permit, and smaller contract bonds can be issued within days once your file is complete. Larger performance bonds take longer because underwriters review financial statements. Facing a tight bid deadline? Tell us up front — that becomes the plan.

Working capital, net worth, bank credit, your track record, and the specific job — plus how the file is packaged. Sureties say yes faster to a well-organized submission. That packaging is exactly what we do for you.

A bid bond backs the bid you submit. A performance bond guarantees you'll complete the job per the contract. A payment bond guarantees your subs and suppliers get paid. Public projects typically require all three — and we place them as one coordinated package.