Commercial Bond Updates – MN

Post by – Joe Allen – Minnesota Post Secondary Surety Bond Update New schools that have been granted conditional approval for degrees or names need to provide a surety bond. This will allow them the opportunity to apply for and receive accreditation under Minnesota Statutes section 136A.65, subdivision 7. The sum of the bond is […]

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 […]

Market Update – FL FRO & FL 660 License Bonds

Post by – Joe Allen – $100,000 FL Financially Responsible Officer (FRO) Bonds CCI Surety, Inc. now has the ability to quote FL FRO bonds with NO CREDIT CHECKS and NO INDEMNITY! FL Construction Industry 660 License Bonds CCI Surety, Inc. now has the ability to quote FL Construction Industry 660 License Bonds with NO INDEMNITY and starting […]

Commercial Bond Updates & Renewals

Post by – Joe Allen – Upcoming Renewals: *BMC-84 Bonds – October* *IL Plumbing Contractor License Bonds – September 30th* *AL Auto Dealer Bonds – September 30th* *AL Fundraising Bonds – September 30th* Updates: *AL Auto Dealer bonds will be increasing to $50,000 effective 10/1/2020* Contact CCI Today! Have a completed submission from another market? […]

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 – […]

Commercial Bond News – 8/2/2019

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 […]

Upcoming Renewals for $75,000 BMC-84 Bonds

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 & […]

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* […]

DMEPOS Bid Bonds

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 […]