If you're performing home improvement contractor services in Milwaukkee, and you're required to get bonded, we can help provide a fast and easy streamlined process for buying a home improvement contractor bond. Bonding isn't a substitution for business insurance, as they often work hand in hand. Usually, especially for the smaller and new contractors, getting a contractor bond is more about complying with local rules, regulations, and statutes.
However, being insured and bonded is also a useful marketing tool to demonstrate to clients and prospective clients that you're operating not only within the law, albeit with their concerns at heart too. Because there are many contractors operating under the radar without proper and adequet
Questions we'll ask for your contractor bond include:
Home Improvement Contractor Name, this can be your business name if you're operating as an LLC, corporation, partnership, or sole proprietorship.
As a sole proprietorship, you'll be asked for your social security number, albeit even as a sole prop, you can obtain a free EIN number so you don't have to give out your social security number for business purposes.
The best phone number and email to reach you at.
How many years of industry experience you have
How many years you've been in business as a home improvement contractor in Milwaukee, and other areas.
The description of the type of contractor work you perform.
Have you ever been convicted of a felony or crime involving dishonesty, including theft or fraud?
Has any applicant(s) ever had a bond claim filed or paid against them?
Does any applicant(s) have any suits, liens or judgments filed against them?
Has the requested bond been declined by another Surety Company?
Is the bond obligation a non-cancellable bond obligation?
Is the bond obligation a forfeiture bond obligation?
The bonding carrier will ask other questions, albeit this should provide a good overview of the questions most normally asked for home improvement contractor bonds, at least in Milwaukee. We can usually turn these around quickly, and often we can write a bond with the same insurance carrier as your business owners / general liability policy as well. Plus, by buying your Milwaukee contractor bond from 1 Reason Insurance, you're getting it from a Wisconsin based insurance agency.