CCI Surety, inc. is a specialty underwriter for contract surety bonds. Usually these are bid bonds or payment and performance bonds but they could also be maintenance bonds or miscellaneous bonds. More specifically we target non-standard accounts that are turned away by standard markets. These accounts could include accounts turned away by quick programs, standard accounts that are looking for larger bond lines, or accounts that have credit difficulties or financial issues. Our underwriters review these types of accounts every day.
We are able to accomplish this by utilizing a combination of funds control, the U.S. SBA Bond Guarantee Program, collateral used as working capital on the bonded project and third party indemnity. Each case is different, and our underwriters are trained to give you all options available to meet the bond need.
CCI Surety, Inc. handles both standard and non-standard commercial bond accounts. Our experience gives us the ability to handle a full range of accounts with bad credit, limited experience, as well as more established accounts.
“Commercial Bonds,” cover a wide variety of bonds. Some of the most frequently needed bonds include:
- Motor Vehicle Dealer Bonds
- License and Permit Bonds
- BMC – 84 (Freight or Property Broker) Bonds
- ERISA Bonds
- Wage & Welfare Bonds
- Utility Bonds, Fidelity Bonds
- Court or Probate Bonds
- Liquor Bonds
- Lost Title
- DEMPOS (Medicare) Bonds
- Business Service Bonds
- And many others
CCI Surety Bid, Payment and Performance, Commercial Bonds
CCI Surety specializes in hard to place surety 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 surety bond situations using escrow / funds control, SBA Surety Bond Guarantee program and working capital deposits as different options to get the bond approved. CCI Surety also has an Easy Start Application Program that evaluates more than just credit score and can give contractors a realistic path to bonding.
On commercial surety bond business we have the capacity to handle both standard and non-standard surety bonds. We often work on accounts with bad credit or other past issues. Our commercial department has a staff dedicated to commercial bonds with quick turnaround and a strong customer service philosophy.