Surety needs solutions

Although surety bonds are often required by county, state and federal offices, they are considered a specialty product, and the underwriting requirements differ from insurance underwriting requirements. MCM Agency has access to multiple surety carriers rated “A” or better by A.M. Best to provide you with commercial, contract and fidelity bond solutions for your insureds.

The commercial surety market includes several types of bonds categorized as court judicial, court fiduciary, public official, license and permit, and many miscellaneous bonds that include guarantees of financial performance. MCM Agency has markets for standard bonds as well as hard to place bonds, and we are very familiar with these markets.

Contract bonds guarantee the performance of obligations covered by a written agreement between two parties. The most common types include bid, performance and payment bonds.

Fidelity bonds cover losses arising from employee dishonesty and errors and omissions liability insurance. Our alternative markets are available for hard to place or higher risk insureds.

You can find applications on our website under Resources.