Designed for small and emerging contractors, the underwriting of our FastBond program is primarily credit based. This allows for quick processing of the bond with little underwriting information.
Old Republic Surety's FastBond program targets fast turn projects for all construction trades, so long term obligations such as service contracts cannot be handled in the program. In addition to credit history, our underwriting relies heavily on the agent’s knowledge and recommendation of the contractor.
If you think the contracted project is too big, don’t let that send you looking somewhere else. Just give us a call! With selected additional underwriting information, we will do our best to fulfill your needs within FastBond parameters. We want your business and will try to make it happen for you!
As your client’s business grows, whether you need a bid bond or performance bond, the FastBond program can grow with them! We are ready and willing to advise your customer on the steps necessary to graduate to the next level. We take a consultative approach and are eager to walk them through the basics of what is needed to qualify for a standard bond program!