High Risk Surety Bond Programs have been around for years now. Learn what their purpose is and why, as well as when they are a good choice. Read about what the future holds for applicants with bad credit in the world of suretyship.
The high risk bond market came about at the end of the “soft market”. Since then this unique style of surety program has seen some changes as more bonding companies join the market place. Learn why high risk programs are so different and why they are slowly changing.
The end of the “soft market” in the surety bond industry brought about many cancelled bonds for high risk clients. Soon after high risk commercial bond programs came about, which built losses into the premiums. High risk bond programs go against traditional suretyship, but appear to be successful for the sureties who run them.