The conservative surety bond market is here to stay. Fortunately, some sureties are starting to loosen up with certain classes of business.
Sureties are saving time and money by allowing their most trusted/largest producing agencies to approve less hazardous classes of business in house. What does this mean for someone in the market for a surety bond? The market is making a change, for the better. The bonding companies are not as liberal as they were in years past, but are being less conservative with bond types that have only a small amount of bond claims.
JW Bond Consultants, Inc. is one of the leading online agencies, you will find us on any search engine (many times listed #1 due to our strong online presence and useful site information). This being said, we bring our sureties more business then our competitors. In return our sureties offer us larger bond lines, exclusive bonding programs, and in house authority to approve and issue bonds.
Any good agency will always keep an eye open for specialty markets. We are constantly looking for sureties to write hard to place classes of business at the best rate possible. Classes of business that come to mind are Subdivision bonds & Site-Improvement bonds. These bonds have become one of the most difficult classes of business to write and furthermore, only about 3% of the current bonding companies in the country will consider writing this class of business. These bonds are required by government entities for either new homes being developed, or simply for new public improvements made to an existing property.
JW Bond Consultants, Inc. has multiple markets that write Subdivision bonds & Site-Improvement bonds with NO COLLATERAL requirements. We can get bonds approved with aggressive terms usually within 24-48 hours.
Lastly, most difficult class of business for contract surety bonds is Multi-year service oriented contracts. JW Bond Consultants, Inc. has markets that will write 1,2 3 up to 5 year contract terms with exceptional terms. Most bonding companies pull away for any contract over 2 years. Give us a call for this incredibly difficult class of business to write. Multi-year service contracts – WE CAN DO!
One of our newest programs is our Mortgage Broker – Instant Approval Program. It has been so successful we have now introduced the program for the following classes of business:
We even offer the “Instant Approval Program” to brokers/agents to add to their company website as a service to their clients. We help you add the necessary forms to your company website and your agency gets 10% commission. Cut down the paperwork at your agency now and join us as we enter the digital age. If you are an agent we invite you to apply to add instant approval to your website.
If you have having problems with your hard to place surety bonds then call us now at (888) 592-6631, one of our agents will be glad to help you place the business in the appropriate specialty market.