GLS Surety Bond Desk
GLS Insurance Group · Springfield, MO
Contract bonds · Bid, Performance & Payment
tmiles@glsinsurance.com

Get a bond rate indication in about two minutes.

Answer a short set of underwriting questions and this worksheet prices your bid, performance and payment bonds off standard filed surety rates. No credit pull, no obligation. A licensed GLS agent follows up the same business day.

Example loaded  A $850,000 municipal site & utility contract is filled in so you can see how the worksheet prices.
01  The bond
What do you need bonded?
Full contract price, not the bond penalty percentage.
Terms past 24 months carry an extension charge.
Does any of this apply to the job?
Each of these is excluded on one or both express programs.
02  The contractor
This job plus everything else you have bonded. Drives your aggregate limit.
Statement quality is the single biggest driver of your rate.
Self-reported. Nothing here pulls your credit.
Has the business been profitable in at least one of the last two years?
Any surety loss, open claim, bankruptcy or unresolved tax lien in the last five years?
03  Pre-application optional, saves a phone call Not started

This is what our bond markets ask on their applications. Fill in what you know and your agent picks up the rest. We never ask for Social Security numbers, dates of birth or home addresses online. A licensed GLS agent collects those by phone when the account is set up.

Company

Ownership names and percentages only

Obligee & bond form

The project

Bid results public jobs

Three largest completed contracts

Work on hand & banking

Do any of these apply?

Collected by phone, not here: Social Security numbers and dates of birth for each owner and spouse, owner home addresses, and signatures on the indemnity agreement.

04  Where to send it

A licensed agent reviews every submission. We’ll confirm terms and request the bond application, usually within a few hours.

Rate worksheet

Standard market