Post by – Joe Allen – When a standard underwriter declines an account, agents typically proceed to look for other options. Sometimes, those other options can be direct competition. CCI Surety, Inc. is a non-standard bond market specializing in bond accounts that are declined by standard markets. We do not compete with standard markets. Rather, […]
Post by – Joe Allen – New Year, New Bond Needs Michael Williams CCI Surety, Inc. Aimee Henard The Main […]
Post by – Joe Allen – Happy Holidays From CCI Surety, Inc. CCI Surety would like to thank everyone for another great year! As we enter into 2020, be sure to address your clients upcoming bond needs. Any hesitations open an opportunity for someone else. Whether you have a contractor declined due to […]
Post by – Joe Allen – Effective August 19, 2019! The SBA has increased the size standards for their Surety Bond Guarantee Program! Previous limits: GC/Heavy Highway – $36.5MM Specialty Trades – $15MM New Limits: GC/Heavy Highway – $39.5MM Specialty Trades – $16.5MM SBA Quick Program – $400,000 and Under Large Contractor Program – […]
Post by – Joe Allen – Commercial Bond News The Iowa Pharmacy Board recently signed into law new regulations requiring all wholesale drug distributors to post a license bond or letter of credit for $100,000. IA Wholesale Distributor License Bond Missouri has introduced a new license bond requirement for rental companies. This new bill will […]
Post by – Joe Allen – $75,000 BMC-84 Bonds Many $75,000 BMC-84 bonds will be up for renewal in the coming months. If you have any clients with new or non-renewing bond needs, let us know! Our experienced staff is ready to help with all your commercial bond needs! *ERISA* *Motor Vehicle Dealer* *Wage & Welfare* *License & […]
Post by – Joe Allen – Why am I being required to obtain a Bid Bond? A bid bond provides financial protection to an owner if a bidder is awarded a contract but fails to sign the contract or fails to provide the required performance and payment bonds. Bid bonds also help screen out unqualified […]
Post by – Joe Allen – Contractors Outside of “Sticks & Bricks” CCI Surety, Inc. has the ability to bond more than just “sticks & bricks” construction. We can bond a wide variety of contractors, many of which are being declined only due to the type of work they perform. Some include: *Trash Removal* *Janitorial* […]
Post by – Joe Allen – DMEPOS Bid Bonds We have been receiving inquiries in regards to the new DMEPOS Competitive Bidding Program. Bidders are required to obtain a $50,000 bond with bidding slated to last from July 16th, 2019 through September 18th, 2019. We can provide competitive rates! We will need the following information […]
Post by – Joe Allen – Fidelity & Crime Coverage We all have insurance where it is required and sometimes, it seems we have more insurance protection than we actually think we would need. However, there is an area many of us overlook – Fidelity & Crime coverage. In most cases, we never realize this specific […]
