Declined Bond Accounts

Post by – Joe Allen – Are you working on a Bid or Performance & Payment Bond? Has your standard market declined your account? CCI Surety can help with declinations due to: ✯Bond Size✯ ✯Bond Type✯ ✯Negative Working Capital✯ ✯New Business✯ ✯Poor Credit✯ ✯Poor Financials✯ Already have a completed submission from another market? Send that […]

When One Door Closes, Another Opens

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, […]

New Year, New Bond Needs

Post by – Joe Allen – New Year, New Bond Needs                    Michael Williams                  CCI Surety, Inc.                    Aimee Henard                     The Main […]

New SBA Guildlines

Post by – Joe Allen – CCI Surety Can Help Rapidly Growing Contractors! ✯ Five-Year average revenue is now an option✯ ✯ Three-Year average revenue can still be used✯ ✯ We can review existing accounts under the new guidelines✯ Effective January 6th, 2020 new rules will be implemented when calculating a contractor’s size in the SBA Bond Guarantee […]

2020 Bonds Needs

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 […]

End of year Contract Surety needs

Post by – Joe Allen – Timing is of the utmost importance! As November begins (already!) many contractors are looking to finalize their end of year bond needs. There is a reason so many standard carriers utilize CCI Surety as a referral resource. Our in-house underwriting authority, experience, and relationships in the industry allow us […]

Upcoming Bid and Performance & Payment Bonds

Post by – Joe Allen – Upcoming Bid Bond needs? Performance & Payment Bond needs? As we near the end of Summer, there are still many contractors looking to secure bid and performance & payment bonds. If your contractor has been declined, is looking to bid a project larger than their current program, or is […]

SBA Program Limit Increase

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 – […]

Why am I being required to obtain a Bid Bond? Performance & Payment Bonds?

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 […]

Contractors Outside of “Sticks & Bricks”

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* […]