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"UNDER $400,000"   PROGRAM
(Bid and Performance Bonds for Contracts up To $400,000)

Streamlined Questionnaire, Flexible Underwriting, Minimal Paperwork, Competitive Rates, Quick Turnaround
Performance Bond Program for contracts up to $400,000 is aimed at emerging contractors who have never had or infrequently need a contract bond. This program relies on your personal credit reports rather than on expensive CPA prepared financial statements.

The bond company will order a personal credit report on the owners of the company. The credit report shows a score for the personal credit of each owner. If the score meets or exceeds a score set by the bond company, the contractor qualifies for bid or performance bonds to cover contracts to $400,000 in contract price and a $400,000 Work Program Limit.
To apply for this program, please complete the $400,000 program application.   
 
PREMIUM RATES AND FEES
In general, the premium rate is 3% of the contract amount. Other rates are availiable through our Standard Construction Bond Program.

                               California Insurance License No. 0030437