At Wilson M. Beck Insurance Services, we specialize in providing bonds to the construction industry. We have a dedicated team of professionals in the surety department who match contractors with bonding companies best suited to meet their needs.
To help expedite bonding issuance, we have obtained Power of Attorney for all of the major surety companies in Canada. We are able to meet surety requirements in Canada, the United States and elsewhere in the world. |
To establish a surety facility on your behalf, we need to obtain the following information:
- A completed Contractors Questionnaire. Please complete this questionnaire as thoroughly as possible as it will be the cornerstone of our presentation.
- Copies of your company's last two year’s year-end financial statements. Please include in-house statements as at a recent month-end (balance sheet, income statement, aged accounts receivable and accounts payable listings) and statements of any affiliated or associated companies.
- A completed Work on Hand Report.
- A completed Personal Financial Statement from each Shareholder.
- Resumes of Shareholder(s) and any key or specialized personnel employed by the company.
- A letter from your company's bank confirming of the line of credit available (if any) and the security held to support that line. You might consider having a brief recommendation in this letter, as this would be very useful.
- If you have any letters of commendation from jobs that you have completed, these would also be helpful.
Upon receipt of the above information, we will do a thorough analysis and approach a bonding company on your behalf to obtain a facility acceptable to your firm.
Please complete the Bond Requisition Form for any bond requests (bid or final bonds). |
