Aggregate liability

[Harley]

How is the amount of Aggregate Liability decided?

[Admin]

That would depend on whether you are referring to contract or commercial bonding. Since you posted in a commercial bond section, I will assume you are referring to a commercial account.

The aggregate liability for a commercial bond account would be determined using the same methods to see if they qualify for a bond of $X. It is based primarily off of business financial statements, but personal financials and personal credit of the owners are also considered.