Description
Designed for small and emerging contractors, the underwriting of our FastBond program is primarily credit based. This allows for quick processing of the bond with little underwriting information.
Old Republic Surety's FastBond program targets fast turn projects for all construction trades, so long term obligations such as service contracts are underwritten outside of the program. In addition to credit history, our underwriting relies heavily on the agent’s knowledge and recommendation of the contractor.
- Up to $750k with an application and adequate credit score
- Up to $1.5MM single or aggregate with financial information
- New streamlined, easy to use application
- DocuSign electronic signatures accepted for FastBond Indemnity Agreement
- Licensed in all 50 states
- Flexible approach
- All construction trades considered
- Immediate response
- Rate is $30/M of contract amount
- Will consider site improvement bonds up to $200k
If you think the contracted project is too big, don’t let that send you looking somewhere else. Just give us a call! With selected additional underwriting information, we will do our best to fulfill your needs within FastBond parameters. We want your business and will try to make it happen for you!
We’ll grow with your contractorAs your client’s business grows, whether you need a bid bond or performance bond, the FastBond program can grow with them! We are ready and willing to advise your customer on the steps necessary to graduate to the next level. We take a consultative approach and are eager to walk them through the basics of what is needed to qualify for a standard bond program!
Related: "The ABCs of Surety Bonds: What’s the difference between surety bonds and insurance?"
Offered By
Availability 50 states + DC
Covered
Not Covered
