Our Services: Getting Started With Bonds
Bonds of all types are issued by Insurance Companies, however, unlike an Insurance Program, a Bond Program is essentially an extension of credit made available to your company by an Insurance/Bonding Company.
There is a Prequalification process that we go through with you, which assembles key information about your company and you. We then present this to a Bonding Company on your behalf. There is no charge to you for this service.
You are welcome to complete any, or all, of the following reports online and submit them to us along with the supporting information. We, however, find it more effective to work directly with you in assembling the information.
So, here we go...
Now that you have come this far, please give us a call at 403-228-5888
Ask for Dick Vaive or Joshua Hunt.
- We need a company profile. For this we have a Contractors Questionnaire and it will be the foundation of your presentation. You should attach to this, resumes of your key people, and any reference letters from clients, and your corporate brochure, if you have one.
- We will need copies of your company's last 3 year end financial statements. If you have affiliated companies, we will need their last 3 end year end financial statements too. Also, we will need a copy of your most recent Interim Financial Statements, along with the lists of Accounts Receivable and Accounts Payable. It is important that we show a Bonding Company the work that you have currently underway.
For this, we have a specific report: Work In Progress (PDF Format)
- We need to show a Bonding company the state of your Personal affairs. Bear in mind that you are seeking a line of credit which you will be asked to corporately and personally guarantee. Again, we have a specific report for each company shareholder to complete.
Attached is our Personal Financial Statement
- If your company has a Line of Credit with a bank, then we will need to give a Bonding Company a letter from your banker informing them the amount available and the security the bank holds.
Insurance Brokers Ltd.
A Wilson M. Beck Company
10333 Southport Road S.W.,
Calgary, Alberta, Canada
Ph: (403) 228-5888
Fax: (403) 228-6682