Construction contractors who have enjoyed a simplified relationship for all their financial needs through Equify can now also find surety bonding through their same partner. Equify Risk Services, which offers property and casualty insurance as well as group benefits, has added bonding to its offering through a new partnership with Contract Bonding Agency (CBA).
“This partnership bolsters Equify's mission to serve insurance needs while minimizing the total cost of risk.” commented Pat Hoiby, Equify's president. “Equify manages total cost of risk using a thorough understanding of our clients' company goals, structure, and concerns, allowing the development of an optimal strategy. Including bonding in the evaluation makes the analysis more complete.”
Offering bonding builds on Equify's goal to provide service-oriented single-source financial solutions for construction, trucking, and oil and gas companies. For example, companies needing to shore up their financial situation to qualify for a bond can leverage Equify Financial Services to adjust their balance sheet.
Contractors who wish to work on contracts with any government agency (federal, state, county, municipal) or with a private company requiring a bond, must acquire a bond. This bond demonstrates the contractor has undergone a rigorous prequalification process and the bonding company has judged them as capable of fulfilling the contract obligations.
For more information, call 469/310-8600 or visit www.equifyllc.com.
