Our risk professionals understand that understanding your company’s total risk profile requires a view much broader than just basic financials or your time in business.
Unlike other agencies, we analyze many intangible factors others do not including management team experience, past successful projects, teaming partners, JV partners, and things we know are indicators for a successfully completed project.
We also offer a broad complement of specialty programs, consultative services and business solutions to help find you a bonding solution.
When you want immediate access to highly innovative, financially strong surety companies for your bonding needs, turn to Continental Surety Agency for quick, reliable solutions and competitive bond rates.
We write sureties for construction companies across Texas from surety carriers that are certified by the U.S. Treasury. If you are not already using surety bonds, we encourage you to learn more about this underutilized financial tool today.Bonding companies do not operate like insurance companies. Where an insurance company assumes a certain amount of claims on their policies, the surety bond industry assumes a 0% loss ratio.
With such strict guidelines, only those with good credit (at least a score of 650, oftentimes higher is required), and clean history (no bankruptcies, tax liens) are approved for low rates. For those who do not meet those criteria, there is an alternative. For those with low credit or new businesses with no credit history, bonds are issued at higher rates. Rates for such applicants are higher than for applicants with high credit. Additionally, to get a bond with a low credit score, a small percentage of cash collateral is required to supplement the risk. Our agents explore every possible option utilizing many factors often ignored by other surety companies. We specialize in getting it done!