Success Stories

Case Studies

Growing Contractor Gains Better Understanding of Surety Process

The Situation

As a growing contractor, our client was experiencing difficulty in the procurement of bonds required for government jobs. With a minimal understanding of how surety is underwritten, the contractor's average job size began to plateau well beneath what his knowledge and abilities would have allowed.

The INSURICA Solution

INSURICA Construction was able to provide the client with an in-depth explanation of how bonds function and how surety is underwritten, along with a complete analysis of the contractor's financial information. Most importantly, INSURICA Construction was able to arrange a meeting between the client and an experienced bond underwriter, giving the client a better understanding of the surety process through first-hand experience.

The INSURICA Experience

Under the advice of INSURICA Construction, the contractor was able to implement a long-term plan, which led to an increased equity in the company, along with an overall improvement in financial standing. In time, the contractor was also able to develop a line of surety, increase his bond limit and grow his business by competing for much larger jobs.