Understanding bonding capacity in a soft market

There is unprecedented competition among bond companies largely driven by their agents, who work on a commission-basis. The express bond programs have been a huge game-changer, empowering small contractors to grow their businesses much faster than ever before.

A major benefit of any express bond program is not having to provide underwriting paperwork. On the other hand, it can prevent the contractor from understanding what its true bonding capacity might be.

Understanding bonding capacity in a soft market

The market is soft and underwriters and agents are hungry for bond business at the larger levels. The next step is to incrementally increase capacity with good project references and high-quality internally prepared financial statements.

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