Documents
There are several types of documents that may be required in order to issue. The specific documents required will vary depending on the type being issued and the individual circumstances of the applicant.
However, some commonly required documents include:
1) Application Form: Most companies will require a completed application form to be submitted. This will typically include information about the business and its owners, as well as details about the bond being sought.
2) Financial Statements: Financial statements such as balance sheets, income statements, and tax returns will be required to demonstrate the applicant's financial stability and ability to perform the contract.
3) Business Plan: A business plan may be required to provide details about the scope of the project, the timeline, and how the project will be financed.
4) Risk Assessment: Many insurance companies require a risk assessment or risk management plan to be completed. This may include information about safety and security procedures, emergency planning, and loss control measures that have been implemented to minimize potential risks.
5) Contract or Agreement: A copy of the contract or agreement that the instrument is being issued for will be required.
6) Supporting Documents: Some insurance companies may also require additional supporting documents such as Contracts, Invoices and Leases.


