Bender Insurance Solutions

Surety Bonds

Suretyship, or the responsibility of providing bonds to satisfy the needs of businesses, is a profession based on keen financial understanding and trust. The Bender Insurance Solutions Bond and Surety Department is regionally acknowledged as the “standard” for obtaining bonds for its construction and general industry clientele. Since 1938, we have established trust-based relationships with underwriters and clients alike to maximize our effectiveness in the marketplace.

Bond Solutions

We are professionals in designing creative solutions to provide bonds for many needs, including:

  • Bid Bonds
  • Performance & Payment Bonds
  • Supply Bonds
  • Subdivision Bonds
  • Fidelity and Crime
  • ERISA
  • License and Permit

Our commitments to our clients:

  • We are not satisfied until you are.
  • Improving your bonding line capacity is our opportunity to spark the growth and profitability of your business.
  • Surety is a financial, credit-based industry that commands nothing less than the Bender Insurance Solutions standards of professionalism.
  • Whether our clients are a startup enterprise or a seasoned industry leader, we are dedicated to the ongoing process of developing your trust and confidence.
  • We are steadfast in our goals of continually earning your business.
  • Our team-based solutions create a collaborative, successful network of Bender Insurance Solutions staff, your accountants, bankers and other financial consultants for optimum results.
The Bender Insurance Solutions Surety Team is ready to help you face today’s opportunities and prepare for tomorrow’s prosperity.
Take the next step:
  • Submit Your Bond Request

    Submit Your Bond Request





    * Principal:

    Bid/Contract Date:

    Time:

    Owner/Obligee:

    Does Owner Supply Bond Form:
    YesNo

    Attach Bond Form:

    (Default acceptable file types (extensions) are: jpg, jpeg, png, gif, pdf, doc, docx, ppt, pptx. Default acceptable file size is 1 MB.)

    GENERAL PROJECT INFORMATION

    * Address:

    Name of Contact:

    * Phone:

    Project Title:

    Project Description:

    Estimated Contract Amount ($):

    Project Number:

    Bid Bond (%):

    Performance Bond (%):

    Payment Bond (%):

    Labor (%):

    Material (%):

    Subcontracts (%):

    Work to Begin:

    Completion Time:

    Liquidated Damages:

    Maintenance Period:

    Work on Hand / Number of Jobs:

    Cost to Complete ($):

    BID RESULTS

    Low ($):

    #2 ($):

    #3 ($):

    Highest ($):

    Authorized:

    Declined:

    By:

    Premium ($):

    Bond Number:


    Completed By:

    Email:

    Please Input Code:
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  • Complete Our Contractor’s Questionnaire

    Complete Our Contractor’s Questionnaire





    * Name

    * Address

    * Telephone

    Fax

    * Fed Tax No.

    * Email

    Website

    * License No.

    I. ORGANIZATION AND BACKGROUND


    A. Date Business Formed

    B. Date Incorporated

    C. If SUCCESSOR to Prior Business,
    Name of Predecessor

    D. List of Officers/Owners and Key Personnel

    NAME AND SOCIAL SECURITY NO.

    POSITION & RESPONSIBILITY

    % OF OWNERSHIP

    DATE OF BIRTH

    YEARS OF EXPERIENCE IN CONSTRUCTION

    E. List of Affiliated, Subsidiary or Related Companies in which this firm or its Stockholders have an interest.

    NAME & ADDRESS

    STOCK OWNERSHIP

    SCOPE OF OPERATIONS

    ENDORSEMENT BY PRINCIPAL
    OR STOCKHOLDERS

    Name of Surety Company presently providing contract bonds, through which agency, and length of time with them.

    Current Surety Company

    Length of time

    F. State limits and name of carrier of liability and workers’ compensation insurance

    Workers’ Compensation

    Employer Liability Limits

    Expiration

    General Liability

    Liability Limits

    Expiration

    II. SCOPE OF OPERATIONS


    A. Type of Contractor

    Territory

    B. What percentage of work is as prime contractor?

    Subcontractor?

    C. How much of an average job is subbed?

    % What trades?

    D. Are bonds required from subcontractors?
    YesNo

    * When?

    E. What trades do you undertake with your own forces?

    F. What was largest work on hand handled in the past?

    G. What is the largest job you would like to do in the coming year?

    H. What is your expected annual volume next year?

    I. What percent of work is for Government Agencies?

    Private Owners?

    J. Is this a union or non-union contractor?

    K. Has contractor or any of the owners ever

    1. defaulted on a contract?
    YesNo

    If yes, give details

    2. caused Surety to pay a loss?
    YesNo

    If yes, give details

    3. petitioned for bankruptcy?
    YesNo

    If yes, give details

    III. CREDIT INFORMATION


    A. Creditors: List of Suppliers from whom Contractor buys most materials

    NAME

    STREET ADDRESS

    CITY & STATE

    PHONE & FAX

    B. Subcontractors/General Contractors (if subcontractor)

    NAME

    STREET ADDRESS

    CITY & STATE

    PHONE & FAX

    C. Are bills paid in a discount/prompt manner?
    YesNo

    If not, why?

    D. Bank

    NAME & ADDRESS

    BANK OFFICER

    LINE OF CREDIT

    NATURE OF SECURITY
    AND/OR NAME OF ENDORSER

    E. Life Insurance

    AMOUNT

    INSURED

    BENEFICIARY

    INSURER

    CASH SURRENDER VALUE

    IV. FINANCIAL DATA


    Current CPA

    Contact

    A. What is fiscal year-end?

    1. Financial Statement Presentation:

    Audit

    Review

    Compilation

    2. How often does CPA prepare statements?

    B. What method of accounting is used in preparing statements?

    Completed Contract

    % of Completion

    Simple Accrual

    C. On what basis of accounting are taxes paid?

    Completed Contract

    % of Completion

    Simple Accrual

    Cash

    D. Are Individual Job Cost records kept?

    How often reviewed?

    How often updated?

    E. Have stockholders elected to be considered a "Sub Chapter ‘S’ Corporation?"

    F. In what year was contractor last checked by I.R.S.?

    G. Is a buy-sell agreement in effect?

    Funded by Life Insurance?

    H. Have operations been profitable since statement date?

    I. Have any changes occurred since statement date such as acquisition of additional equipment, purchase of fixed assets, loans to officers, investment, withdrawals, or dividends that would significantly affect financial condition of contractor?

    Are any new ventures of investments contemplated?

    The above answers are true to the best of my knowledge and belief,

    Signature

    Date

    *Please Enter Security Code:
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  • Share Your Personal Financial Statement

    Share Your Personal Financial Statement





    *Personal Financial Statement of:

    *Social Security Number:

    *As of:

    *Home Address:

    *City:

    *State:

    *Zip:

    Name of Spouse:

    Social Security Number:

    Name of Trusts:

    Trustees:

    Assets and Liabilities


    Assets - Amount in Dollars

    Cash - Checking Accounts:

    Certificates of Deposit:

    Notes and Contracts Receivables:

    Personal Property (Autos, Jewelry, Etc.):

    Real Estate (Market Value):

    Other Assets (Please Specify):

    TOTAL ASSETS

    Cash - Savings Accounts:

    Securities - Stocks / Bonds / Mutual Funds:

    Life Insurance (Cash Surrender Value):

    Retirement Funds (IRA's, 401k, Etc.):

    Other Assets (Please Specify):

    Liabilties - Amount in Dollars

    Current Debt (Credit Card Amounts):

    Taxes Payable:

    Other Liabilities (Please Specify):

    TOTAL LIABILITIES:

    Notes Payable (Describe Below):

    Real Estate Mortgage (Please Describe):

    Other Liablities:


    TOTAL NET WORTH:

    Signature:

    Signature Date:

    Personal Finance Statement of:

    Assets - Details


    Notes and Contracts Held

    From whom Owing

    Balance Owed

    Original Amount

    Original
    Date

    Monthly Payment

    Maturity
    Date

    History Purpose

    Securities- Stocks / Bonds / Mutual Funds

    Name of Security

    Number of Shares

    Cost ($)

    Market Value ($)

    Date of Acquisition

    Stock in Privately Held Companies

    Company Name

    Number of Shares

    Invested ($)

    Estimated Market Value ($)

    Real Estate

    Description /Location

    Market Value ($)

    Amount Owing ($)

    Original Cost ($)

    Purchase Date

    Liabilities


    Credit Card & Charge Card Debt

    Name of Card / Creditor

    Amount Due ($)

    Notes Payable (Excluding Monthly Bills)

    Name of Creditor

    Amount Owing ($)

    Original Amount ($)

    Monthly Payment ($)

    Interest Rate

    Secured By (Lien)

    Mortgage / Real Estate Loans Payable

    Name of Creditor

    Amount Owing ($)

    Original Amount ($)

    Monthly Payment ($)

    Interest Rate

    Secured By (Lien)


    Please Enter Security Code:
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  • Tell Us About Your Work in Progress

    Tell Us About Your Work in Progress





    * Contractor

    As of

    Uncompleted Contracts
    Contract Description

    Bonded Y/N

    Estimated Date
    Start & Completion

    YesNo

    YesNo

    YesNo

    YesNo

    YesNo

    YesNo

    YesNo

     

    Total Revised Contract
    Price Incl.
    Change Orders

    Original Estimated
    Gross Profit

    Total Amount Billed to
    Date Incl. Retainage

    Cost Incurred to Date

    Revised Estimated
    Cost to Complete

    CONTRACTS COMPLETED SINCE LAST REPORT


    Contract Description

    Total Revised Contract Price (Incl. Change Orders)

    Original Estimated Gross Profit

    CFinal Gross Profit (Loss)

    1. List all contracts, i.e., public, private, bonded or unbonded.
    2. Do any Billings include unapproved claims or disputed items? (If yes, attach complete explanation)
    3. Include low bids and pending awards on separate sheet

    (Signed)

    (Title)

    (Date)

    *Please Enter Code:captcha

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