Contractor Credit Program

The CCP makes it easy for contractors to get work in this difficult market.
  • A.M. Best A- Rated Bid, Payment and Performance Bonds
  • A streamlined application process saving you time and money
  • Support services, including working capital advances, payroll administration and human resource management.
Program Features
  • Bond Limits: $3.0m Single / $3.0m Aggregate
  • Bond Paper: AM Best rated A- (excellent) in most states.
  • Cash Advances: Working Capital Advances up to 90% of requisitions.
  • Underwriting based on contractor's experience not financials.
  • Bonding Process made fast and easy.
CCP Plus: Lower Rates for Qualified Contractors

CCP

Underwriting based on contractor's experience, no financials.
  • No minimum credit score.
  • No minimum years of business required.
  • No minimum net worth.
  • No accountant compiled financial statements required.
  • This program we will require a minimum of 2 indemnitors.

CCP Plus (+)

Rejection from CCP PLUS does not preclude you from the CCP.
  • Indemnitor credit scores of 680 minimum.
  • Contractor's company must be in business for 5 years.
  • Contractor's current assets must exceed current liabilities by 2X.
  • Indemnitors must have a tangible net worth of at least 10% of the bond amount.
  • Contractor's company must have a clear succession plan in the event of a tragic incident with the principal.
  • This program we will require a minimum of 2 indemnitors.
  • Contractor must provide accountant compilation financial statements.
Downloads

CCP Info Kit (PDF)

CCP Plus Info Sheet (PDF)

CCP vs. CCP Plus (PDF)

Enrollment Application (PDF)

Is it difficult to obtain a quote for a bonding line?

Not at all. The CCP Enrollment Application is a streamlined form that a contractor can
complete in a matter of minutes. Once you are in the program, applying for bonds and other services is fast and easy.

Is collateral always required to write a bond?

No, unlike most standard sureties, in the vast majority of cases collateral is not required

Are certified financials and/or tax returns required to underwrite a bond?

No, these are not required.

Can my current insurance agent work with Ox Bonding?

Yes, we are happy to do business with a contractor’s insurance agent as long as the agent is licensed in the state where the bond is required.

In what states is the program currently available?

The program is now available nationwide

What makes this program different from other contractor surety programs?

The biggest difference is that bonding candidates are underwritten based on a contractor’s character and ability to perform a job; not purely on financials or credit scores.

Your data is safe and secure

Our state-of-the-art computer servers are protected by biometric locks and 24-hour surveillance. Our product software and infrastructure is updated regularly with the latest security patches. Our network is protected by an enterprise-class firewall to keep your data safe.