Why am I being required to obtain a Bid Bond? Performance & Payments 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 […]

Fidelity & Crime Coverage

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 […]

Commercial Renewal Updates

Post by – Joe Allen – Did you know the following bonds renew on 6/30? *Michigan fundraising bonds* *Missouri alcohol tax bonds* *New Jersey fundraising bonds* *Ohio auctioneer bonds* *West Virginia motor vehicle dealer bonds* *Mississippi mortgage broker bonds* *North Carolina collection agency bonds* APPLICATION   Stay on top of these future updates: *AL Auto dealer […]

Contract Surety

Post by – Joe Allen – Subdivision – Reclamation – Maintenance – Bid – Performance & Payment – Supply Stuck with collateral offers? Looking to grow out of a quick program? New business looking to obtain bonding? Project already started? Declined by Standard Carriers? If any of the above pertains to your contractors, give us […]

North Dakota Modifies Surety Bond Requirements

Post by – Joe Allen – The surety bond requirements under the Money Brokers Act currently requires a bond in an amount not less than $25,000. North Dakota has updated this requirement. Effective August 1, 2019, the new minimum amount of the bond will be $50,000. Source – https://www.natlawreview.com/article/north-dakota-modifies-surety-bond-requirements Contact CCI Today! Have a completed submission […]

Commercial Renewal Update

Post by – Joe Allen – Did you know, the WV Motor Vehicle Dealer bond renews on 6/30/2019? APPLICATION Our commercial bond department can help with a wide variety of bond types. If you have a new account you’re looking to quote or a current account which has been non-renewed, let us know! Contact CCI Today! Have […]

Subdivision Bond Programs

Post by – Joe Allen – In addition to bid and performance & payment bonds, CCI Surety also has strong options on many other types of bonds including subdivision bonds. We compete when your contractor is declined due to their credit and/or financials, receives collateral offers, or cannot obtain approval for the size of bond they are […]

Small Contractor Program

Post by – Joe Allen – Many contractors are new to bonding or focusing on smaller projects in order to grow their business. CCI Surety’s Small Contractor Program was created to get your contractors on the job quickly, with minimal paperwork involved. If your contractor has been declined due to credit or experience, let us […]