Post by – Joe Allen – Spring is fast approaching and contractors around the country will be looking to place bid and performance & payment bonds of all sizes. CCI Surety has in-house underwriting authority of $3MM and under. Which means you will be working directly with the underwriter reviewing your account. CCI Surety, Inc […]
Post by – Joe Allen – CCI Surety, Inc. has been seeing an uptick in $75K BMC-84 bonds (ICC Property Broker Bonds). If you or anyone in your office is working on a BMC bond that has received a declination or non-renewal from your standard markets, let us know! CCI Surety can provide fast and […]
Post by – Joe Allen – New Castle County license bonds went into effect in January. If you have a client looking to obtain a new bond and has been declined or non-renewed by your standard markets, let us know! CCI Surety can provide fast and competitive quotes! Contact CCI Today! Have a completed submission […]
Larger Bonds Contractors can be pre-qualified for larger bonds CCI Surety focuses on helping contractors obtain larger bonds. Sometimes a contractor may be able to qualify for bonds through quick programs that limit the size of project that can be bonded. With standard markets, larger bonds often require CPA prepared financial statements in order to […]
Bond Quesitons Even Bond Experts Have Bond Questions It is impossible to be an expert on all types of bonds. There are new types of bonds required every year and the ones that already exist often change. Having a strong network to ask bond questions is a key to providing prompt service for your clients. […]
Bond Turnaround Time Expect Quick Bond Turnaround Time from CCI Surety Other markets, even non-standard markets have changing appetites. Some sureties change their focus to larger projects or to preferred agents when things get busy and this can affect turnaround time. If you notice a change in the the bond turnaround time you receive from […]
Larger Bond Line Prepare your contractor to participate in the coming infrastructure spending boom with larger bond lines while avoiding collateral. Many parts of the country are experiencing construction optimism both in the quantity of projects available and the size of the projects. Larger projects take up capacity for large contractors and that leaves more […]
BMC-84 Freight Broker Bonds As the October 1st change to $75,000 bond requirements approach, many agents and brokers are still scrambling to find homes for their BMC-84 Bonds(formerly ICC Property or Freight Broker Bonds). At this time we are still able to get quotes out but those quotes will soon need to be evaluated after […]
This February we were excited to report the increases to the new SBA Bond Guarantee Program. In March, we are even more excited to report that we are already having success utilizing the program for bonds that would have previously been too large for the SBA Bond Guarantee Program. Most recently, our Florida Office was […]
All of the accounts we work on are non-standard, which means they always have at least some challenges. Even though we’ve had a long history of success utilizing the old SBA Guarantee Program limits, I was interested to see how working with larger contracts would go. Working closely with the SBA, agent, and contractor we […]
