OUR PRIMARY BUSINESS - is guaranteeing principal and interest payments to funding sources through "aa" and "aaa" rated bond insurance polices.
PURPOSE - credit enhancing bond insurance is used to enhance the credit rating of the client and thereby lowering the interest rate and enabling the client to secure financing that might have been out of reach based upon the companies’ current financial's. Performance bonds are a financial tool to guarantee that in the event of a developer or contractor's default, funds are available to finish the construction and ensure its proper function.
REGION - the insurance company will consider risks throughout north and south America, Caribbean and western Europe.
TYPE OF CLIENT - we only work on bonds over $1,000,000.
NO CREDIT CHECK REQUIRED
PROCEDURE
• Complete an underwriting application see download application page including a copy of the contract which requires the bond and three years of your corporate financial statements.
• If the application is accepted, a consulting agreement will be required.
• At the request of you(the client), the insurance company will issue the bond on the date desired. The premium for the bond, paid in full will be due.
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