SIC Code 6351-06 - Bonding Agents
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SIC Code 6351-06 Description (6-Digit)
Bonding agents are companies that act as intermediaries between surety companies and contractors. They provide surety bonds to contractors, which are a type of insurance that guarantees the contractor will complete a project according to the terms of the contract. Bonding agents play a crucial role in the construction industry, as surety bonds are often required for contractors to bid on and secure projects. Bonding agents also help contractors navigate the complex world of surety bonds, ensuring they have the appropriate coverage for their needs.
Hierarchy Navigation for SIC 6-Digit Code 6351-06
Parent Code (less specific)
Tools
- Surety bond application software
- Bond underwriting software
- Financial analysis tools
- Risk assessment tools
- Contract review software
- Bond issuance software
- Claims management software
- Compliance tracking software
- Credit analysis tools
- Bond pricing software
Industry Examples of Bonding Agents
- Construction bonding
- Performance bonding
- Payment bonding
- Bid bonding
- Maintenance bonding
- Supply bonding
- License and permit bonding
- Court bonding
- Fidelity bonding
- Environmental bonding
SIC Code 6351-06 - Bonding Agents
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