CCI Surety, Inc is an underwriter for Contract, Commercial and Miscellaneous Surety Bonds.

BMC-84 Bond Renewal

Written by Jim Dillenburg on . Posted in Surety Bonds, Uncategorized

$75,000 BMC-84 Bond  Renewal

 

1 Page Application – No Financials Required

In 2013, the FMSCA increased the bond requirement for BMC-84 (Formerly ICC Freight Brokers) Bonds from $10,000 to $75,000. Starting in July and August, freight brokers and their insurance agents will start receiving renewal notices for their BMC-84 Bonds.

It is important that you keep your clients by making sure you have the lowest quote available. Sureties that have written many of these bonds may be offering lower rates than they did in 2013 when these bonds were first raised to $75,000.

BMC-84 Bond Application

WE MAY BE ABLE TO QUOTE COMPANIES WITH CREDIT SCORE OR OTHER FINANCIAL ISSUES.

If you have any questions or need more information don’t hesitate to contact us. Jim Dillenburg [email protected] 866-317-3294

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Our Home Office handles bad credit bond situations in Maine, Vermont, New Hampshire, Massachusetts, Connecticut, New York, Pennsylvania, New Jersey, Rhode Island, Delaware, Maryland, Virginia, West Virginia, Ohio, Kentucky, Tennessee, Arkansas, Texas, Oklahoma, Kansas, Missouri, Illinois, Indiana, Michigan, Wisconsin, Minnesota, Iowa, Nebraska, South Dakota, North Dakota, Montana, Wyoming, Colorado, New Mexico, Arizona, Utah, Idaho, Nevada, Oregon, Washington, California, Hawaii, Alaska, and Washington D.C. aff-logo2

Payment & Performance ★ Bid ★ ERISA ★ Motor Vehicle Dealer Bonds ★ BMC-84 ★ Wage & Welfare ★ License and Permit ★ Commercial ★ Contract ★ Miscellaneous

Please Note: We can always get started working on submissions or applications that you have already prepared for other markets. CCI Surety, Inc. specializes in hard to place contract bonds that may have previously been declined by other sureties. We use different kinds of tools which allow us the freedom to think outside the box with our underwriting strategy. We are able to get comfortable with difficult situations using escrow / funds control, SBA Surety Bond Guarantee program and working capital deposits as different options to get the bond approved. CCI also has a very successful Easy Start Program for contracts between $250,000 and $1,000,000 that may be obtained with a two page application plus any financial documents that are available. On commercial bond business we handle both standard and non standard business. Contract Bonds – Multiple Markets – Can Provide A+ rated bonds – $3M in-house authority, up to $15M from home office – Quick Turn around – No Agency Requirements SBA Backed Bonds – 2012 National SBA Bond Producer of the Year – Potential to approve bonds even with negative working capital – SBA Bond Program now covers bonds up to $6.5M and in some cases $10M Commercial Bonds – Standard and Non-Standard Bonds – Experienced staff specialized in handling Commercial Bond needs – License and Permit, Fidelity, ERISA, Business Services and Court Bonds – Miscellaneous Bonds

BMC-84 Bond

Written by Jim Dillenburg on . Posted in Surety Bonds

New $75,000 BMC-84 Bond

As the dust settles on the October 1st BMC-84 Bond rush, we are now into the next phase where sureties are now in a position to potentially back date bonds in order for Frieght Brokers required to obtain the to be in compliance with the new regulations. The new $75,000.00 bonds that have been completed are already in force but there are still new accounts looking to obtaining bonding during the FMCSA grace period and while sureties are still willing to backdate BMC-84 Bonds. We are still able to accept our one page application found below. This program issues bonds without collateral and does not require financial information. If there is financial information, especially CPA reviewed financials, then the rate could be reduced. There is still time to get BMC-84 Bonds issued and backdated to October 1st in order to be in compliance with the new regulations.

BMC-84 Bond Application

If you have any questions or need more information don’t hesitate to contact us.

Jim Dillenburg
[email protected]
866-317-3294

All commercial bond business (including BMC-84 Bonds) are handled through the home office.

All commercial bond business (including BMC-84 Bonds) are handled through the home office.

Our Southeast Region office handles bad credit bond situations in Alabama, Florida, Georgia, Louisiana, Mississippi, North Carolina, and South Carolina.

Our Home Office handles bad credit bond situations in Maine, Vermont, New Hampshire, Massachusetts, Connecticut, New York, Pennsylvania, New Jersey, Rhode Island, Delaware, Maryland, Virginia, West Virginia, Ohio, Kentucky, Tennessee, Arkansas, Texas, Oklahoma, Kansas, Missouri, Illinois, Indiana, Michigan, Wisconsin, Minnesota, Iowa, Nebraska, South Dakota, North Dakota, Montana, Wyoming, Colorado, New Mexico, Arizona, Utah, Idaho, Nevada, Oregon, Washington, California, Hawaii, Alaska, and Washington D.C.

aff-logo2

Payment & Performance ★ Bid ★ ERISA ★ Motor Vehicle Dealer Bonds ★ BMC-84 ★ Wage & Welfare ★ License and Permit ★ Commercial ★ Contract ★ Miscellaneous

 

Please Note: We can always get started working on submissions or applications that you have already prepared for other markets.

 

CCI Surety, Inc. specializes in hard to place contract bonds that may have previously been declined by other sureties. We use different kinds of tools which allow us the freedom to think outside the box with our underwriting strategy.  We are able to get comfortable with difficult situations using escrow / funds control, SBA Surety Bond Guarantee program and working capital deposits as different options to get the bond approved.  CCI also has a very successful 3 x 5 program, which allows us to approve single bonds up to $300k and / or an aggregate program up to $500k, with just a two page application and no financials required.  On commercial bond business we handle both standard and non standard business.

 

Contract Bonds

–          Multiple Markets

–          Can Provide A+ rated bonds

–          $3M in-house authority, up to $15M from home office

–          Quick Turn around

–          No Agency Requirements

 

SBA Backed Bonds

–          2012 National SBA Bond Producer of the Year

–          Potential to approve bonds even with negative working capital

–          SBA Bond Program now covers bonds up to $6.5M and in some cases $10M

 

Commercial Bonds

–          Standard and Non-Standard Bonds

–          Experienced staff specialized in handling Commercial Bond needs

–          License and Permit, Fidelity, ERISA, Business Services and Court Bonds

–          Miscellaneous Bonds

Quick Application

Written by Jim Dillenburg on . Posted in Surety Bonds

Quick application programs are great tools when your contractor fits into the program but there are important things to remember about quick program limitations and what to do if your account does not fit the program.Quick application programs are not necessarily a “Non-Standard” option. Many accounts that cannot fit into a typical quick program can still obtain bonding through true non-standard markets.Below are some suggestions on when to start working on alternatives and what to do if your client’s next project does not fit into the quick program.
When You Submit a Quick Application
When you submit a quick application for any program you should use that information to prepare for alternatives. Sending a copy of the same application to CCI Surety can allow us to give you feedback on the account and allows us more time to prepare options for you in the event your account does not qualify for the quick program.

When An Account is Declined

If you have not already submitted information to us, it is now time to. Although the original market may continue to work on the account while requesting more information, it is important from a timing perspective to start getting information to CCI Surety. It is likely that we will also require more information than the quick application provides, it is also more likely that we have the non-standard expertise to keep the bond opportunity alive.   

When An Account is Approved in A Quick Program
Even after an account is approved in a quick application program there are many instances when preparing the account for the future is warranted. If the account handles projects or an aggregate amount of work that exceeds the quick programs limits it is important to be prepared to handle larger projects.Jim Dillenburg – [email protected] – 866-317-3294

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Our Southeast Region office handles bad credit bond situations in Alabama, Florida, Georgia, Louisiana, Mississippi, North Carolina, and South Carolina.

Our Home Office handles bad credit bond situations in Maine, Vermont, New Hampshire, Massachusetts, Connecticut, New York, Pennsylvania, New Jersey, Rhode Island, Delaware, Maryland, Virginia, West Virginia, Ohio, Kentucky, Tennessee, Arkansas, Texas, Oklahoma, Kansas, Missouri, Illinois, Indiana, Michigan, Wisconsin, Minnesota, Iowa, Nebraska, South Dakota, North Dakota, Montana, Wyoming, Colorado, New Mexico, Arizona, Utah, Idaho, Nevada, Oregon, Washington, California, Hawaii, Alaska, and Washington D.C.

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