JW Surety BondBonding Company
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Testimonials:

"Thanks so much for your quick responses to my bond needs over the last 3-years. I am a mortgage broker and many times the Dept. of Licensing does not make us aware of any changes of bonds or errors until the ninth hour."

-Jennifer L. Williams-Levy of Integrated Financial Solutions on 05/17/2007



"It was wonderful to deal with an agent who was so knowledgeable and on top of things. I could not have asked for a quicker response time! I am very impressed with how professional and courteous your agency is. Thank you!"

-Ryan Spencer of Rhino Construction Inc. on 02/28/2008



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Toll Free: (888) 592-6631

Bid Bond

Apply – See how large of a bond line you qualify for.

Description: A bid bond is a guarantee that the bonding company will provide a performance bond to the principal, if they are awarded the contract. A claim can arise if the bonding company refuses to write the performance bond, which is why the surety will underwrite bid bonds with the same caution as they do for performance bonds. In other words, the surety will not approve a bid bond, if they are not going to approve the performance bond.

Current Market: After years of liberal underwriting practices the surety industry has returned to it's traditional methods. Bonding companies are not as willing to extend surety credit as they were at the begining of the millenium. The market has stabalized and the appetite for new business should remain static for years to come.

Special Programs: In a effort to streamline smaller contracts, some bonding companies have decided to underwrite contract bonds under $200,000 solely using credit reports. This allows new businesses and companies new to bonding to get started in the world of bonded contracts.

Recent Forum Posts:

New to applying for bonds what is the cost
Forum: Bid Bonds Posted By: jmg_group@hotmail.com Post Time: 07-11-2008 at 12:06 PM


Bid but no final bond required
Forum: Bid Bonds Posted By: Bond Magician Post Time: 07-01-2008 at 08:43 AM


Special Bond Forms
Forum: Bid Bonds Posted By: Bond Magician Post Time: 06-23-2008 at 08:54 AM


Surety
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