At True and Associates, meeting your insurance needs is our primary focus. We strive to provide our clients with cost-effective risk management solutions to minimize exposure to financial loss. We achieve this by handling and continually advising through the insurance process.

Our nearly fifty employees are dedicated to bringing our clients the industries best services and competitive products thru our unprecedented product knowledge and differentiated industry expertise.

Critical Steps in Securing a Surety Bond 1

Critical Steps in Securing a Surety Bond

Contract Surety Bonds

For most surety programs in excess of $500,000 the following underwriting information is required:

  • Current period fiscal year end financial statement prepared by a certified public accountant.
  • Prior two periods’ fiscal year end financial statements prepared by a certified public accountant.
  • Current period aging of receivables schedule. (30, 60, 90 days & Retention)
  • Current personal financial statement for all owners of the company.
  • Completion of the True & Associates Agency Questionnaire.
  • Copy of a bank line of credit. (If Applicable)
  • Current work in process schedule.