Surety Bonds

In today’s economic climate, contractors need proof of bonding in order to qualify for many work projects.  ULLICO Casualty recognizes this need and offers financially sound bonding options for well qualified contractors.  The goal of our Surety Bonds program is to be the premier surety solution for America’s small to medium-sized contractors.  We will achieve this goal through strong and successful relationships, a carefully selected experienced team and a comprehensive portfolio of surety bond products.

Strong Relationships
We value ourselves as business partners with the contractor and surety agent. We consistently strive to understand the contractor's needs and business while developing our relationship.  Through these strong relationships, we offer competitive rates and work programs for established contractors as a team.  Together, we present options for smaller contractors to provide them with the chance to compete for projects. Thus, we help qualified contractors thrive so that more American jobs may be created.

Expertise and Experience
Our home office, branch team and qualified agents have the depth of expertise to manage this complex product and to develop bond programs and relationships that will endure.  Our underwriting, loss control and claims staff have the valuable experience required to nurture relationships, anticipate results and quickly mitigate issues if they occur.

Innovative Products

• Contract Surety Bonds
  • Support work programs of up to $8 million single limit/$20 million aggregate
  • Programs for prime contractors, first tier subcontractors, lower tier and specialty accounts
  • Bid, payment and performance bonds
  • U.S. Small Business Administration "SBA" Prior Approval Program
    • Education and assistance to contractors who may not qualify for traditional bonding
    • Greater opportunities for bonding so more contractors may compete for work
• Commercial Surety Bonds
  • License, permit and miscellaneous bonds
  • Custom bonds
  • Selective wage and welfare bonds to eligible contractors

ULLICO Casualty is a member of the Surety and Fidelity Association of America, has a U.S. Department of Treasury listing of $8.297 million as of 7/1/09 and is licensed for surety in forty-seven states and the District of Columbia. ULLICO Casualty’s Surety Bonds are reinsured by A (Excellent) rated reinsurers, and ULLICO Casualty has a secure financial strength rating of B+ (Good) with a “Positive Outlook.” ULLICO Casualty has a cosurety relationship with Benchmark Insurance Company, an A- (Excellent) rated insurance carrier, in cases when the obligee requires an excellent rated carrier. Ratings by A.M. Best as of 3/31/10.

For further information about our Surety Bonds program, please contact Ed Titus [1], Vice President of Surety, John O'Brien [2], Vice President of Marketing, Daniel Aronowitz [3], President of ULLICO Casualty, or view more contact information on our Surety contacts page. [4]