Business Insurance Associates, Inc. has an independent contract surety department dedicated towards providing Alaskan construction contractors with quality contract surety programs and professional business analysis and consultation. We have access to a number of programs and markets, tailored to meet the specific individual needs of each construction contractor. Over the last decade we have delivered hundreds of bid bonds, performance bonds, payment bonds, warranty/maintenance bonds, subdivision bonds, and subcontractor bonds.
NEW - The 2008 SIO Surety Supplement is available in this month's edition of Engineering News Record (ENR)
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SBA Surety Guarantee Program (More Information) Working in conjunction with the Small Business Administration (SBA) and select surety companies, this program is designed for smaller or disadvantaged contractors to achieve surety limits they would normally not attain through a preferred program. Business Insurance Associates, Inc. is currently one of the only brokerages in Alaska to offer this service. $200K & Under Contract Surety Bond Program This contract surety program is designed for smaller or beginning contractors who generally compete for contracts at $ 200,000 and under. The program requires no business financials, features a streamlined application, and generally turns around results in 48 hours. In the past we have delivered numerous bid, performance, payment and maintenance bonds through this program for subcontractors and contractors beginning a surety program. | 
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This contract surety program is designed for contractors, builders and project owners doing work on private projects that involve adapting or extending existing infrastructure (generally water & sewer). The program features a streamlined application, doesn't require business financials and generally produces results in 72 hours. Hubzone & 8a Contract Surety Bond Program While many of our programs are designed to accomodate contract surety requests from the initial bid phase, we can accomodate contractors that are awarded projects based on their designation as a hubzone or 8a contractor, and require the performance and payment surety bonds required to proceed forward with their projects. $200K + Contract Surety Bond Program This program is designed for mid-size to larger contractors that competitively bid projects in excess of $ 200,000 on a moderate to frequent basis. This program features professional business consultation and financial analysis from our surety department, and is geared towards providing the established contractor with a quality contract surety program that remains sustainable. |
Environmental Surety Program
While some surety markets will not write contract surety bonds for projects that are environmental in nature, we have access to a couple different programs that will accomodate these type of requests along with surety requests that are standard in nature. This program is available to any contractor who may occassionally or frequently engage in projects that are environmental in nature or involve hazardous waste.
Occasional Contract Surety Bond Program
While capable of handling frequent surety requests and establishing comprehensive programs, we also realize that many contractors only occasionally seek contract surety bonds. This program is designed to accomodate the occasional contract surety requests and delivers a low maintenance program capable of meeting those needs.
