CBIC

surety center

STANDARD MARKET PROGRAM
For Contract Bonds over $200,000

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Please provide the following documents upon submission:

FINANCIAL STATEMENTS

CURRENT STATEMENT fiscal year end, six month interim, or quarterly report, whichever is most current.
FISCAL YEAR END REPORT for the last three years.
LAST FISCAL YEAR END on any other business in which any owner has 20% or more ownership.
CURRENT PERSONAL STATEMENT for each owner.
RESUME OF EXPERIENCE for each owner, partner, or stockholder; and key employees, if applicable.
In addition, you must complete the following CBIC forms included in our Standard Market Program Kit:

Application/Questionnaire for Contract Bonding**
Schedule of Uncompleted Work**
Bond Request (If final bond, please provide a copy of the contract.) (See Documents in Download Center)
Business Summary
Bank Authorization Letter

** Substitute forms from other recognized surety companies will be accepted. After reviewing the underwriting documents listed, a CBIC Contract bond underwriter will contact you personally to discuss suretyship for you and/or your client. After that discussion, we may request additional items to complete the underwriter's file. If everything is acceptable, a specific CBIC commitment to provide surety bonds may then be made.

PREMIUM RATES AND FEES

CBIC offers competitive rates for all contract surety programs. Contact your local CBIC Contract Bond Specialist for details.