Specialized Programs
When the Standard Answer Is No, the Submission Matters More.
Some obligations do not fit standard underwriting. AGS Surety reviews these submissions individually and pursues specialized, collateralized and funds-control supported programs where appropriate.
Situations
Circumstances we regularly review
First-time bond users
Applicants approaching their first bonded contract or license requirement with limited bonding history.
Credit-challenged accounts
Prior losses, tax matters, liens or limited financial reporting that standard markets decline.
Rapid growth
Backlog or single-job size expanding faster than an existing surety program allows.
Unusual bond forms
Non-standard obligee language, onerous conditions or bespoke contractual guarantees.
Large single obligations
Individual bonds requiring capacity beyond an incumbent surety's appetite.
Restructured or new entities
Recently formed, merged or reorganized companies without a continuous track record.
Structures
Tools that can make an approval possible
Approval is never guaranteed. Where a standard program is unavailable, one or more of the following structures may allow a market to participate.
- Collateral, letters of credit or escrowed funds
- Funds control or joint check arrangements
- Additional personal or corporate indemnity
- Project-specific or single-bond approvals
- Reduced initial capacity with defined growth milestones
- Enhanced financial reporting and interim statements
Declined elsewhere? Send the file.
A decline by one market is not a decline by all of them. Share the submission, the reason given and the obligation, and we will assess whether a specialized program is realistic.