Construction contractors have very distinct and specialized bonding needs. They require advisors with specific experience - who really understand their business and its unique aspects - and who can negotiate the intricacies involved in presenting cases to the bonding company. Your Insurance Associates Account Manager serves as an objective, external resource for evaluating your financial, managerial and operational capabilities and, when necessary, will suggest improvements to help you meet a surety company's underwriting requirements. Whether it's obtaining your first bond, undertaking the largest project in your history, or navigating through an ownership transition or ESOP transaction, we will work with you to secure the surety program you need.

A Well-Earned Reputation

Our firm represents all of the leading contract surety companies in the country. We enjoy an extremely close relationship with each of them that is built on our reputation of trust and integrity. We have also nurtured personal relationships at the Home Office level of each of our surety company partners, which gives our customers access to the ultimate decision makers. As a member of the National Association of Surety Bond Producers (NASBP), Insurance Associates is dedicated to the highest levels of professionalism and expertise in surety.

Surety Services offered:

Top-Notch, Quality Processing
One of the most important services that we provide to our customers on an ongoing basis is handling the numerous day-to-day requests for bid bonds, reference letters, and performance and payment bonds. We understand how time sensitive many of these requests can be, which is why we surround you with full time, highly competent bond specialists in each office. We understand how errors on bonds can lead to a contractor’s bid being rejected, which is why our quality control standards require that all bid bonds be reviewed by two separate people prior to its release to the client.

Bond Form Review
We will provide a prompt review of an owner’s contractually required bond form, be it private or public owners, to assure that the terms and conditions contained in the bond form is within industry standards and norms. We can recommend and provide substitute bond forms when necessary. We will also review bonds obtained from your subcontractors to ensure they are executed accurately by a licensed, Treasury listed surety.

Owner Pre-qualification
With the extensive financial and underwriting background of the Insurance Associates staff, we are well adapted at conducting research and offering opinions on the credit worthiness of potential owners and subcontractors. We provide advice from our working knowledge of the construction and surety industries as to the behavior history and reputation of owners, and their respective bond forms and contract documents, which allows our customers to adjust their risk assessment.

Confirmation of Financing
On privately financed construction projects, Insurance Associates can conduct due diligence on the availability of 100% construction financing to assure that funds are available to pay you, as well as your suppliers and subcontractors. Confirmation of financing can be presented to the owner as a bond underwriting condition.

Claim Monitoring
We maintain a close monitoring system with the Claim and Underwriting Departments of our surety partners, to assure that any and all claims received against your Performance and Payment bonds are communicated to you, investigated, and defended in a timely and proper fashion.