Commercial Insurance
Contractors (Bonds)
We help contractors and developers solve their most complex risk management and bond problems.
Contractors and developers are faced with unique exposures every day. And it's the contractor or developer that manages construction risk well who is profitable at the end of the year. At O'Gorman & Young we understand your needs and know how to give you the innovative solutions you want. We have dedicated people and cost-effective products to handle any size account operating on a local or national scale.
Below is a sampling of the products we can use to help protect your assets and mitigate your risk:
Bonds
- design build professional liability
- miscellaneous professional liability
- project specific coverages
- risk management
- environmental / pollution
- construction/ developer insurance
- general liability
- automobiles
- umbrella
- builders risk
- inland marine
- ocean marine
- workers compensation
- property
- professional liability
- environmental/ pollution
- Large deductible/ SIR programs
- contract/ specification review
Any broker can sell you insurance, but only a professional broker can help you manage your company assets. Contact dregan@ogy-grmurray.com to learn more about our firm and its services.
How to get a bond
Commercial Bonds
Contract Bonds
- CPA prepared year-end financial statement
- Personal financial statement on all owners (see forms)
- Corporate Federal tax return
- Questionnaire (see forms)
- Contracts in progress report (see forms)
- Bank letter regarding current line of credit
If you do not need a program but only a final bond for one project or you are a small contractor who infrequently needs bid or final bonds up to $350,000 please call us as we will not need all of the above information.
Site Improvement Bonds
- CPA prepared year-end financial statement on the entity which needs to post the bond
- Federal tax return on the entity which needs to post the bond
- Personal financial statement on all owners of the project (see forms)
- Evidence of bank financing for the project
- Township engineer estimate letter
Forms
To help get you started, please click on the applications below. Please contact dregan@OG&Y-grmurray.com for an appointment.
- Contractor Questionnaire (pdf)
- Personal statement (pdf)
- Bid Bond Request Form (pdf)
- Performance and Payment Bond Request Form (pdf)
- Contracts in Progress Report (pdf)
Useful Links
Commercial Insurance Contacts