| Not very many years ago, small contractors and their insurance agents were told that they had to have CPA-prepared financial statements and certain financial ratios in order to get bonding - and that is generally still true today. However, under Big “I" Markets partner Goldleaf's Short Cut Bond Program, Goldleaf works with a number of sureties who use the personal credit scores of the company owners as their main underwriting criteria on smaller bonds. Goldleaf works with a variety of sureties under the Short Cut Bond Program – and each of these sureties has their own unique underwriting requirements. So, even if one surety is unable or unwilling to entertain a particular risk, Goldleaf does have other options. Because Goldleaf has access to several surety markets with similar programs, they may be able to assist your insured even if they have already been denied due to the owners' personal credit scores or the type of work being performed. When a contractor starts out with bonding support under our Short Cut Bond Program, it is important to make sure that they are not "trapped" in these small programs. Goldleaf's staff does a good job of helping companies migrate out of the Short Cut Bond Program - making sure they receive the surety counsel that is needed to help them grow and qualify for larger surety programs and better rates. With access to over two dozen surety markets, Goldleaf can obtain the bonding support you need. For more information on Goldleaf's Short Cut Bond Program – or about helping your clients with their bond needs – log in to
www.bigimarkets.com or email
bigimarkets@iiaba.net and an underwriter will contact you. |