J.M. Wilson Corp. offers a Quick Contract Bid, Payment and Performance Bond program designed for small and newer contractors who need fast, reliable surety capacity. These quick-turn bonds are underwritten primarily on the applicant's credit and require minimal paperwork so you can obtain bid, payment and performance bonds quickly—typically when a prompt response is essential to secure a job.
Quick Contract Bonds are intended for contractors who need bonding lines up to $350,000 per job with a $700,000 aggregate bonding line. These bonds are well suited to smaller projects and businesses that have fairly clean credit histories and need a fast solution for bid submission or to meet contract bonding requirements.
Overview of the Program from J.M. Wilson Corp.
This program is offered by J.M. Wilson Corp., a Managing General Agency and Excess & Surplus Lines broker with access to both admitted and non-admitted surety markets. The product is tailored to agents who need a quick surety option for clients that do not yet qualify for larger, more traditional bonding facilities.
Ideal Accounts and Appetite
- Small general contractors, subcontractors, and specialty trades with limited bonding histories
- Newer firms that can demonstrate responsible credit and financial stability
- Projects where single-job bonding needs do not exceed the program limits (up to $350,000 per job; $700,000 aggregate)
Accounts that typically do not fit: contractors with significant adverse credit, ongoing claims or litigation, or complex multi-year contracts requiring large aggregate capacity.
Coverage Highlights and When to Use This Program
Use J.M. Wilson’s Quick Contract program when you need:
- A fast bid bond to meet a tight bidding deadline
- Payment and performance bonds for smaller public or private contracts
- A simplified underwriting path based primarily on credit rather than extensive financial histories
Underwriting Notes and Minimum Premium
Underwriting focuses on applicant credit; applicants should have fairly clean credit reports. Required items for submission generally include a completed application and a signed indemnity agreement. J.M. Wilson can also review applications previously submitted to other surety companies. Minimum premium and final terms vary by carrier and state—minimum premium: Varies.
Territories and Availability
Available in: AL, AK, GA, IL, IN, IA, KS, KY, ME, MI, MN, MS, MO, MT, NE, NH, NY, NC, ND, OH, OK, PA, SC, SD, TN, VT, VA, WV, WI, WY. Availability is subject to carrier approval and admitted vs. non-admitted market rules in each state. The program includes some admitted markets and non-admitted options depending on the state and risk profile.
Why Work with J.M. Wilson Corp. on This Business
As an MGA and E&S broker, J.M. Wilson provides agents with access to multiple A-rated surety markets and a streamlined underwriting process tailored for smaller accounts. The firm emphasizes quick turnaround, competitive pricing within industry standards, and flexible underwriting that can evaluate submissions previously placed with other sureties. This makes the program a practical solution when an insured needs bonding quickly to bid or secure smaller contracts.
Example Scenarios
- You have a client who is a small paving contractor bidding a municipal job valued at $200,000 and needs a bid bond within 48 hours.
- A new roofing subcontractor wins a $60,000 private contract and requires a performance and payment bond but lacks an extensive bonding history.
What is needed to get started: a completed application and a signed indemnity agreement. For more information on submission requirements or to discuss a specific account, contact J.M. Wilson Corp. — we look forward to working with you.
Frequently Asked Questions
What types of accounts are a good fit for the Quick Contract Bond program?
Small or newer contractors with fairly clean credit who need bid, payment or performance bonds for single jobs up to $350,000 (with a $700,000 aggregate line). Ideal for trades and subcontractors with limited bonding histories.
How fast can I expect a quote or decision on a submission?
J.M. Wilson typically responds to new account submissions within 24–48 hours, assuming required documentation (application and signed indemnity) is provided promptly.
What documentation is required to submit an account?
At minimum, a completed bond application and a signed indemnity agreement. Additional information may be requested depending on the applicant’s credit and the size of the bond request.
Are these bonds admitted or non-admitted?
J.M. Wilson represents a mix of admitted and non-admitted carriers. Availability depends on the state and the specific surety market; some markets are admitted while others are non-admitted.
Need help placing an account? Connect with a market specialist.