Construction Contract Surety is the largest segment of the surety industry. In this line, IFIC extends unsecured surety credit to many different types of contractors, including generals, trades, specialties and heavy equipment. Through long-term relationships with contractors weare able to understand their businesses well. This enables us to be responsive to all of their surety needs.
IFIC has capacity to write single bonds and support aggregate work programs up to $15 million and $40 million, respectively. Our typical account has single bond needs in the mid seven-figure range and aggregate program support in the low eight-figure range. In our underwriting assessment of contractors we value a contractor's character and reputation as much as anything else.