Performance Bonds – New Program for Small Contractors

Sacramento, CA (PRWEB) April 16, 2013

Surety Solutions Insurance Services, Inc. (Surety1) announces a new surety bond program for small contractors that do not want to pay 3% or more for surety bonds. Exceptionally qualified contractors can qualify for performance and payment bonds at a significantly lesser cost than most other short form programs simply by providing a minimal amount of information.

To qualify for this program, the applicant must be in business for a minimum of three years, be willing to provide some basic financial information (not expensive CPA financial statements) and have good personal credit. Surety1 can now establish a bond line of up to $500k single job size at rates as low as 2%.

The performance bond department at Surety1 is lead by the company founder, John Page, who brings close to thirty years of surety bond experience, including over fifteen years as a surety company underwriter.

Competitiveness in the surety marketplace continues to increase and more surety companies recognize that small does not mean unqualified. It simply does not make sense for a contractor that performs a couple of jobs a year to spend thousands of dollars on CPA-prepared financial statements.

With this new program, Surety1 can regularly place bonds up to $500k without CPA-prepared financials, and still secure preferred rates. As one of the largest surety bond agencies in the United States, it is only natural that the surety companies have turned to Surety1 to help market performance bonds to small contractors.

About Surety1 - Surety Solutions Insurance Services, Inc. is an independent insurance agency based in Rancho Cordova, California and licensed in all 50 states. Surety1 specializes in the placement of surety bonds and other specialty insurance products. You can contact Surety Solutions through its website, http://www.surety1.com, by calling toll free, 877-654-2327 or by e-mail, info(at)surety1(dot)com.

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