Key Air Conditioning Contractors are bonded by CHUBB ® los Angeles Construction Surety.
Please review our recent prequalification letter which references our valued surety status:
May 11, 2020
Re:Key Air Conditioning Contractors, Inc.
To Whom It May Concern:
Federal Insurance Company has been the surety for Key Air Conditioning Contractors, Inc. since 1993 and we provide favorable underwriting consideration for individual bonded projects in excess of $20 million and on an aggregate bonding program in excess of $35 million. Federal Insurance Company holds Key Air Conditioning Contractors, Inc. in the highest regard. The company is well established in its industry and capably managed by experienced and qualified individuals. We are pleased to include Key Air Conditioning Contractors, Inc. among our valued surety clients.
This letter is not an assumption of liability and is issued only as a prequalification reference request from our client. It should be understood that any arrangement for bonds is strictly a matter between Key Air Conditioning Contractors, Inc. and Federal Insurance Company. Our ultimate support of any bonds is conditioned upon completion of the underwriting process, including satisfactory review of contract documents.
Federal Insurance Company, a member of Chubb Limited, is A.M. Best rated A++XV and listed on the Department of Treasury's Listing of Approved Sureties with an underwriting limitation of $461,364,000 on a per bond basis.
Sincerely,
Federal Insurance Company
Mike Destiche
Construction Surety Manager
Construction bonds are a type of surety bond that protects your project against financial loss if there is a contractor's failure to complete a project, or failure to meet contract specifications. Our track record is without incident as referenced in our many large scale past projects.