A Surety Company is prepared to back you on any given construction project up to a given amount.
Bonding Limits Help
Bonding Limit - Single
The maximum total value that a bonding company will extend in performance and payment bonds, under a single contract.
Bonding Limit - Aggregate
The maximum total value that a bonding company will extend in performance and payment bonds across all contracts.
Experience Modification Rate
A number used by your insurance carrier to gauge both past cost of injuries and future chance of risk. This number is a critical measure of safety and should be available from your insurance agent or carrier.