Hometown Bonding Program
Designed for the local contractor who requires infrequent bid and performance bonds. The goal of this program is to help you grow into the Partnership Account®.
For Contractors New to Bonding – Hometown Bonding Program
Designed for local contractors who require bid and performance bonds on an infrequent basis, our Hometown Bonding Program provides qualified contractors with access to the bonds they need, when they need them. Whether you are new to bonding or have occasional bonding needs, the program is designed to support your business today while helping you grow toward The Partnership Account® for Contractors.
New to bonds – credit-based underwriting for bonds up to 500,000.
Underwriting Parameters
- Minimum personal credit score of 700 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
Hometown Bonding Program Application and Approval Process
We will contact you to obtain the following information for review with your application:
- Financial Statements
- Information to run credit
Once approved, you will need to complete and submit the following”
- General and Service Undertaking Agreements
- Annual $375.00 Service Undertaking Agreement Fee
Grow With Us: The Partnership Account® for Contractors
For seasoned contractors – pre-qualify for a surety bonding line of credit for up to 20 million single and 40 million aggregate.
Simply select this option below and complete a short intake form to see if you qualify.
Get Started
Instant & Flexible
We offer a streamlined purchase process that allows you to instantly purchase bonds and insurance online.
Reach
Licensed and admitted in all U.S. states and territories.
Rating
Rated “A” Excellent by A.M. Best Company and U.S. Treasury Listed.
(NAIC #10758)
BUSINESS ADDRESS: 123 Tice Boulevard, Suite 250, Woodcliff Lake, NJ 07677.
PHONE: (201) 573-8788.
SURETY LICENSES c,f/: AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, GU, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MP, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, PR, RI, SC, SD, TN, TX, UT, VT, VA, VI, WA, WV, WI, WY.
INCORPORATED IN: Pennsylvania.
For more info about surety underwriting limitations read Circular 570 published by the U.S. Department of the Treasury.
