For insurance buyers, insurance agents and insurance wholesalers!For insurance buyers, insurance agents and insurance wholesalers!
J.M. Wilson Corp.
Contact Us
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J.M. Wilson Corp.
Contact Us
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Subcontractor Bid and Performance Bonds
Subcontractor Bid and Performance Bonds
 
 Subcontractor Bid and Performance Bonds are required by general contractors, project managers and contract owners. A typical reason general contractors require a subcontractor to "bond back" is to protect themselves on the main contract in the event of default by the subcontractor. Our Subcontractor Bid and Performance Bonds guarantees the contractor will accept the contract if awarded as low bidder, while a payment and performance bond guarantee that the contractor will perform the contract and pay for labor and materials. Bid Bonds are typically for 5/10% of the bid, while payment bonds are typically 100% of the contract amount. 
 
 Some examples of Subcontractors who may need the bond are:
  • Electrician
  • HVAC
  • Excavator
  • Painter
  • Roofer
  • Landscaper
  • ...And Many More! 
Coverages We Offer:
  • Subcontractor Surety
  • Subcontract  Bond
  • Subcontract  Payment and Performance 
  • Subcontract  Bid Bond
  • Subcontract   Maintenance Bond
 Some Items Needed For Consideration Of Any Bid and/or Performance/Payment Bonding Account:
  • Last 2 or 3 fiscal year-end-financial statements for business
  • Current personal financial statements for all the owners
  • Contractor's surety questionnaire
  • Current schedule of work on hand
  • Current bank reference letter, indicating bank line established
  • Resume of owner(s)
  • Job reference letters
  • Current certificate of insurance 

 
 Some of the advantages of this program include competitive pricing within industry standards. We also accept applications from other surety companies to review new submissions. All J.M. Wilson surety markets are "A" rated.  Along with our quick quote turnaround, we will respond to a new account submission withing 24-48 hours. If you would like more information on this product or any other product please give us a call. 
 
 

U.S. States Available

  • U.S. States Available:
  • Provider Type:
    Managing General Agency and Excess & Surplus Lines Broker
  • Admitted:
    Some Available Markets
  • Carriers:
  • Carrier Ratings:
    A rated or better
  • Commission:
    Varies
  • Min Premium:
    Varies

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CONTACT INFORMATION

LOCATION

8036 Moorsbridge Road
Portage, MI 49024
800-666-5692
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AGENCY LICENSING

To become an appointed agent with J.M. Wilson, the agency profile linked below is required. There is no premium volume requirement.
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J.M. Wilson Corp. has other insurance programs like Alarm Installation and Repair Insurance.