Commercial Surety News and Updates – 10/9/2020

Post by – Joe Allen – Upcoming Bond Changes and Renewals ✯Alabama Motor Vehicle Dealer Bonds✯ As of 10/1/2020, this bond increased to $50,000 ✯Nebraska Motor Vehicle Dealer Bonds✯ Upcoming 12/31 expiration date We have been seeing an increase in: ✯BMC-84 Bonds✯ ($75,000 ICC Broker Bonds) ✯Business Service Bonds✯ (Janitorial, home health care services, handyman […]

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 […]

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 […]

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? […]

BMC-84 Bond Renewal

$75,000 BMC-84 Bond  Renewal   1 Page Application – No Financials Required In 2013, the FMSCA increased the bond requirement for BMC-84 (Formerly ICC Freight Brokers) Bonds from $10,000 to $75,000. Starting in July and August, freight brokers and their insurance agents will start receiving renewal notices for their BMC-84 Bonds. It is important that […]

BMC-84 Bond – New Company

$75,000 BMC-84 Bond – New Company   1 Page Application – No Financials Required Last fall, the FMSCA increased the bond requirement for BMC-84 Bonds from $10,000 to $75,000. The original deadline to acquire the bond was October 1st, 2013. During that time many freight brokers rushed to their insurance agents to place these bonds […]