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Phone: 1-888-881-2261 ContactUs@wwbonding.com Fax: 1-888-881-2268
File Set-up Fees
are now
$2,500.00 as of May 1st 2010, No Fee's Due until underwriter approval
and delivery of First Bid Bond.
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Surety bonds in general are guarantees not insurance policies and due to catastrophic reasons are much harder to acquire than most policies of insurance. We are actively trying to understand and come to conclusions on the best way to help the contractors suffering from the deficiency of surety bonding. In addition to being harder to place than insurance a surety bond requires on the most common bond forms 100% collateral per bond instead of the average 40 - 60% collateral or surplus required of insured policies.