STRATEGIC SURETY BONDS PROGRAMS FROM ASSURANCE

Most view surety bonds as a standardized commodity. Business owners have been conditioned to “buy” bonds from traditional surety providers that simply “sell” bonds. Nothing more. Nothing less. Old-fashioned surety providers lack the sophistication to use surety bond programs as a strategic financial weapon. 

ELIMINATE COLLATERAL AND GROW YOUR SURETY BOND PROGRAM.

Managed correctly, today’s surety bond programs can do far more for your business than you’ve ever imagined. A proper surety bond program can improve your company’s cash flow position and enable you to take on new, and even more challenging business opportunities.

ASSURANCE DEDICATED SURETY DEPARTMENT.

We have experience serving surety needs for a wide variety of public and private business entities. We leverage our expertise, underwriter relationships and industry knowledge to ensure you receive the best available surety program and enjoy the benefits of a healthy, stable relationship.

BONDS IN THE BLINK OF AN EYE.

Assurance – with the help of Liberty Mutual Surety™ – developed BondsFast, an online program that allows you to immediately apply for and print license and permit bonds in real-time. Use our BondsFast program to submit information, pay the first year’s premium and then print the original bond within minutes.

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SURETY BONDS BY ASSURANCE

Surety - is a promise by a surety or guarantor to pay one party (the obligee) a certain amount if a second party (the principal) fails to meet some obligation, such as fulfilling the terms of a contract. The surety bond protects the obligee against losses resulting from the principal's failure to meet the obligation.

Our dedicated surety department creates relationships with clients and insurance companies to efficiently issue and track all the bonds needed to run a business. By combining a staff of surety-only professionals and a long list of surety providers, we find the best possible partnerships for our clients. 

Our expertise in specific industries that require surety credit gives us the market leverage necessary to bring specialized solutions that minimize risk to your organization. Whether the need is to reduce or eliminate collateral or simply find sufficient and reasonable capacity, our surety practice can get it done.

Where we can help your business.

Our creativity in bringing solutions is supported by an experienced staff that delivers exceptional service. Assurance’s 27 surety provider partners also give us the flexibility to match your company and industry with the best surety partner. Our staff is ready to help in the following ways:

  • Reduce or eliminate costly collateral
  • Expand capacity to help your business grow
  • Improve service through electronic bond delivery
  • Rebuild your bond program hurt by the recession
  • Exonerate old bond liability
  • Benchmark your existing bond program
  • Help with your first bond

What sets us apart from other surety bond companies?

We can help you take your surety program to the next level. See why 98% of our clients would recommend us:

  • DEDICATED SURETY DEPARTMENT – Most of our competitors issue and process bonds as part of their property and casualty service. We’ve entered an era where specialized knowledge and training is critical in order to effectively navigate through particular areas. 
  • DEEP HISTORY WITH SURETY – Many of our competitors do not enjoy a rich history in dealing with the same sureties for over 50 years. They have not had the ability to build up a level of trust that affords them the opportunity to build large books of profitable business and the benefit of the doubt on difficult cases.
  • EXTENSIVE CARRIER RELATIONSHIPS – Our diverse book of surety business combined with our position as a large, regional brokerage gives us the ability to contract with certain markets that only contract with large brokers, as well as the regional carriers that only contract with smaller agents close to their community. We’re in a unique position where we can offer the largest roster of market partners of any of our competitors.
  • TECHNOLOGY SUPPORT – Due to our volume, we’ve invested in SurePath technology that allows us to more effectively manage surety portfolios. Bonds Fast is another platform that offers you the ability to obtain and print license and permit bonds immediately.
  • FINANCIAL PLANNING AND ADVICE – We take the time to understand our clients’ business and develop long-term strategies to ensure that business growth and profitability goals are met.

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