MAXIMUM CAPACITY + MINIMUM HASSLE
We know surety bonding, and we understand it is only one piece to a complex puzzle. We use a streamlined approach to quickly address requests so our clients can focus on their business... Surety bonding is not insurance; From underwriting analysis to the negotiable terms, surety bonding requires a distinct understanding to navigate the qualification process... Finding the right surety partner is key. Every contractor has different goals and priorities. It is imperative to match contractors with the most appropriate surety. We've developed collaborative & personal relationships with underwriters at over 20 of the top carriers in the industry. Kotula Group is uniquely positioned to secure the most competitive program & terms for our clients.
(hover over the terms)
PROGRAM
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PROGRAM
Single & aggregate limits supported. Support levels are based on the "3 C's" of credit: Character, Capacity (experience), and Capital (financial strength).
INDEMNITY
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INDEMNITY
The contractor is required to reimburse the surety in the event the surety pays losses on behalf of the contractor. The personal & spousal guarantees of the owners of the company can be negotiated at times.
RATE
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RATE
The cost (premium) for bonds. Often shown as a dollar amount per thousand. Rates are market driven and somewhat arbitrary. They're dependent upon several factors including class of work & territory.
INFO REQUIREMENTS
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FINANCIAL INFORMATION
The type, frequency & quality of information required by the surety.
OUR SURETY PARTNERS
