Account Exclusions

• Has been in business or under current management for less than 3 years
• The company, owner or predecessor has ever declared bankruptcy
• The company, owner or predecessor has defaulted on a contract or been involved in a surety claim
• The company, owner or predecessor has been involved in any lawsuits or liens in the last 5 years
• The company, owner or predecessor has open bonds with another surety
• Contractors and bonds in the five boroughs of New York City

Bond Exclusions

• Work for Sovereign Nation Owners
• Bid spread of 10% or greater
• Maintenance guarantees over 2 years
• Completion time in excess of 18 months
• Work located outside of the contractor's home state or contiguous states (unless located within 300 miles of the contractor)
• Environmental/Remediation Exposure
• Design Build Contracts
• Efficiency Guarantees
• Computer Software Programs
• Subdivision/Completion Bonds
• Multi-Year Contracts or Renewal Options
• IDIQ Contracts
• Liquidated damages in excess of $2,500/day
• Takeover Projects

Contact your Merchants underwriter for more information. Rates subject to change. Effective January 1, 2018.