Begin self-paced component package. In this module, you learn about the purpose, value and benefits of surety bonds. It includes videos of a Surety Bond Producer and three contractors discussing their experiences with contracts that require surety bonds.
Begin self-paced component package. In this module, you learn the basics of surety bonding, including surety bond terminology, types of surety bonds for construction contracts and the roles of surety bond professionals.
Module 3: Taking Your First Steps on the Bonding Journey
Begin self-paced component package. This module focuses on finding a surety bond producer and preparing yourself for the transactional surety bond application process. The transactional surety bond application process relies primarily on your and your company’s credit score, and also requires other documents. You will receive a checklist of documents to bring to a meeting with your surety bond producer.
Module 4: The Traditional Surety Underwriting Process
Begin self-paced component package. This module helps you prepare for the traditional surety bond application process. It explains the process you will go through to apply for a traditional surety bond program. It prepares you for the types of questions your surety bond producer or the underwriter will ask, and provides a checklist of documents you may need to provide during the application process.
Begin self-paced component package. During the traditional underwriting process, most sureties evaluate the three C’s: Character, Capacity and Capital. Character is the most important of the three C’s. In this module, you will learn how a surety analyzes character. Knowing how a surety assesses your character helps you prepare for this review. It includes a list of tips for improving your character profile.
Begin self-paced component package. In this module, you will learn about five factors a surety reviews to evaluate your company’s capacity. Knowing how sureties assess capacity can help you prepare for this review and provide appropriate documents. It includes a checklist of documents you can provide to demonstrate your company’s capacity.
Begin self-paced component package. This module explains how a surety evaluates your company’s capital. It discusses different ways to demonstrate capital and provides tips to improve your company’s capital over time. It includes a checklist of documents you can provide to demonstrate the amount of your company’s capital.
Module 8: What Sureties Want: Job Underwriting Considerations
Begin self-paced component package. After you’ve established a traditional bond program, each contract bond request goes through the job underwriting process. This module reviews the factors sureties evaluate for each job you want to include in your surety bond program. It includes a sample bond request form you can use to help prepare documents for the job underwriting process.
Begin self-paced component package. As you take on larger and more bonded contracts, you may need to add team members. Choosing appropriate team members can make a big difference in your performance and success. This module focuses on professionals to consider adding to your team. You will receive a list of resources for finding appropriate team members and questions to ask as you make these important decisions.
