Risk Management Teams Up with Corporate Lending for Excavation Bond

Jamie Straub, introduced our Risk Management team to a newly established excavation company who was looking to secure a performance bond line for its upcoming projects. To secure the performance bond line, our client had to provide detailed information about their business operations, including their financial statements, insurance coverage, and references from satisfied clients. The team at FCIA thoroughly reviewed the information provided and structured a program that would provide bonding limits that would grow with the company. With the performance bond line in place, they are now able to bid on larger and more complex projects with confidence. The bond provided the project owners with the assurance that if the excavation company was unable to fulfill its obligations, the surety bond company would step in to ensure completion of the project.