Designed for the local contractor who requires infrequent bid and performance bonds. The goal of this program is to help you Get Direct.® and grow into the Partnership Account®. Financial statements are not required.
Underwriting Parameters:
- Minimum personal credit score of 650 for all Principals
- Contract must be located within 50 miles of the contractors home base
- Contract performed must be self performed
- Contract Work must be within the contractor’s specialty
- Copy of your bid specifications or contract
- Bid bond request form (see attached)
- Performance bond request form (see attached)
- Engineer’s estimate and bid results
- Contractor Trust Plan participation required.
Application and Hometown
- Application fee $150.00 (The fee will be refunded if your application is not accepted)
- Hometown Undertaking and Management fee agreement $500.00
Premium Rate:
- 2.5% per thousand
Hometown Program Documentation (PDF format)
- General Indemnity Agreement
- Service Undertaking and Management Agreement
- Contractor Trust Program Agreement