January 29, 2025 SBA Surety Bond Guarantee Program Explained The Small Business Administration’s (SBA) Surety Bond Guarantee Program (“SBG Program”) allows small contractors to qualify for surety bonds on projects with a total project cost of up to $9 million for non-federal jobs and $14 million for federal contracts. The purpose of the SBG program …
Understanding Subdivision Bonds: A Guide for Insurance Agents Subdivision bonds are surety bonds that developers must purchase when performing government-required public improvements to a subdivision plat. While similar to contractor performance bonds, subdivision bonds have some unique features and underwriting requirements that can trip up even the most seasoned insurance professionals. In this article, we …
October 15th, 2020 Residential Repairs from Hurricane or Flood Damage Might Need a Surety Bond The 2020 hurricane season is underway and insurance companies and their agents are preparing for the ensuing damage and the insurance ramifications. In the aftermath, construction companies will play an important role in the repair of damaged buildings, many of …
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Agent’s Guide to the SBA Surety Bond Program What is the SBA Surety Bond Program? The SBA’s Surety Bond Guarantee Program helps small contractors, who would otherwise not be approved by a Surety company, obtain bonding. This program provides an outlet for these contractors to obtain a bonding line for projects up to $6.5M by …
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