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Underwriters at Nationwide Sureties need to assess more than just the financial strength of an applicant. They also consider technical and commercial capability, previous experience, and current workload to ensure that each bond request can be supported.
To allow underwriters to fully evaluate a request, the following information is typically required:
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A completed application form
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Latest accounts and management accounts
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A work in progress schedule
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Bond wording
If the beneficiary has not specified a preferred wording, Nationwide Sureties can suggest the standard ABI conditional form of bond wording, which is accepted by all their providers.
Once all the required information has been submitted, underwriters can usually provide a non-binding indication of terms as quickly as possible.
Nationwide Sureties helps applicants by guiding them through the documentation process, ensuring all information is complete and accurate, and liaising with underwriters to secure timely and reliable bond terms.
For more information on What Information Do Underwriters Require? talk to Nationwide Sureties