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We classify Contractor
Accounts based on the type of financial statement they produce and evaluate
them based on important underwriting criteria such as experience, financial
capacity, credit and bill paying history and the background
of the business owners.
For a detailed review
of the various classifications, the underwriting information necessary
to apply and the rates and bonds limits generally available for each class
please click the appropriate heading below:
CLICK ON THE CLASS HEADING THAT APPLIES TO YOUR COMPANY AND LEARN MORE
ABOUT THE UNDERWRITING AND APPLICATION PROCESS.
CLASS
I Contractors
"Small companies, start up companies, companies without a CPA financial
statement"
CLASS
II Contractors
Contractors who produce a CPA Financial Statement but statement is not
in a standard contractor format.
CLASS
III Contractors
Contractors that produce a CPA financial statement in a standard contractors
format but have financial results hat depart from the norm.
CLASS
IV Contractors
Contractors whose CPA financial statement format is standard and financial
profile is normal or above average.
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