Surety Bond Credit

Surety bonding is not insurance. Insurance is a pooling of risk where a group of people contribute to a common fund which is used to pay losses sustained by individual participants. Surety, on the other hand, is a contract where one party, the surety, guarantees the acts or promises of another party, the contractor (or principal), to a third party, the owner (or obligee). The only similarity between insurance and surety is that both industries' call the fees they charge "premiums."

Obtaining Surety Bond Credit is similar to applying for a loan through a bank. Both a banker and a surety underwriter want assurance that the contractor can perform with no loss to themselves. The information requested by surety bond underwriters allows them to analyze a company and make a decision as to whether or not to extend credit, and in what amount. Integrity, skill, and financial resources are the key components to this decision.

CB&MS will present this information to bonding companies in a manner designed to maximize your bonding credit. We are knowledgeable with contractual terms and conditions and can offer recommendations on other professionals such as accountants, bankers or attorneys.

In our “Forms” section, we have specifically outlined the information required by the surety. While this process may seem complicated we hope the information found on our website will simplify the process.


Service To Our Clients

CB&MS is a recognized leader in providing Performance and Payment Bonds. We are staffed with a team of professionals who understand construction and the challenges faced by contractors in today's marketplace. Our experience and reputation offers access to several surety markets along with personal assistance to help you maximize your bond credit at the lowest possible cost.