Contractor Credit Program (Bid, Payment and Performance Bonds)
Offered by Ox Bonding Insurance Services
Description
Today's economic and credit environment has resulted in more contractor bond applications being rejected, cutting contractors off from bonding lines essential to keep them working. Even when contractors are able to secure a bonding line, often they are unable to secure a line of credit from their bank to support the financing of the job until completion. In response to the market conditions described above, Ox Bonding developed an innovative, new program designed to get contractors back to work with the financial support to get the job done: the Contractor Credit Program (CCP).
Details
Carrier Information
Upper Hudson National Insurance Co
Admitted
Offered By
Availability 11 states
Alabama
Alaska
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
District of Columbia
Florida
Georgia
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
New York
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
South Dakota
Tennessee
Texas
Utah
Vermont
Virginia
Washington
West Virginia
Wisconsin
Wyoming
Covered
Not Covered
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