Surety Bonds
Any Bond, All 50 States, Any Time. Bad Credit? No Problem
For an immediate quote call 440-397-7078 for a dedicated account manager
As industry leaders, The Cleveland Surety Underwriters is constantly working with our surety partners to create faster, easier and less expensive ways for our clients to obtain bonding. Some programs are exclusive to us as a firm, and others are made available across the country and have changed the way a surety producer does business. No matter what your need, we can supply the solution.
Commercial and General Business Bonds
We have the market access to help you place your client’s commercial surety needs. From an individual hard to place bond to account level books of business with varying bond requirements across multiple states, we’re the place to manage your surety business. We have the experience and the surety relationships, including a number of “in-house” authority programs to get it done, and allow you to focus on the most important thing, servicing your client. Let us be your bond department.
Representing dozens of surety groups affords us the ability to place most any piece of business we look at. Whether it’s a Large or Small Contractor, a complicated book of business that needs a hard internal look, or a higher risk individual requirement, Cleveland Surety Underwriters either has the authority to approve it, or a program to fit in.
Creative underwriting approach – We find the reasons to write your bond. Our underwriting team is trained to take a look at the whole picture and dig for solutions that will turn a “NO” into a “YES”
License & Permit/Miscellaneous Bonds
Hundreds of instant issue options, and an industry leader of in-house authority to meet any need you bring us.
Bad credit or financial wherewithal?
No problem! We understand better than anyone that business doesn’t always get delivered in a perfect package. We want to know the whole story and provide a solution that makes sense.
Just a few examples of the tougher classes of bonding we provide:
- Title bonds
- Conduct Surety
- Utility
- Wage and Welfare
- Motor Vehicle Dealer bonds
- Contractor license bonds
- DMEPOS bonds
- Commercial Contracts
Commercial Contract Services
Commercial contracts up to $200,000.00
A simple questionnaire and our ability to quote with our own authority, approval can be obtained quickly subject only to an obtainable credit score and having been in business for at least 2 years. If not don’t worry, we have other options.
Commercial contracts up to $300,000.00 with a total program of $600,000.00
just add simple business and personal financial statements, which we can help you with. No need for prepared statements.
Commercial contracts over $300,000 and programs over $600,000
When getting a bond, especially from a new market, it can be overwhelming. There is a lot of information and the way it is presented needs to be perfect in order to maximize your potential relationship with the surety. Don’t worry, we have you covered. Cleveland Surety Underwriters is widely known as providing some of the best submissions in the country. We will walk you step by step through the process, ask all of the right questions the surety will ask and present them with answers before they do. By doing this, we automatically start off with good footing to get the surety to partner with you. We are in the business of writing surety bonds, the only way we grow is if you grow, and we love it when our partners WIN.
Highlights of some of our additional Commercial Surety Programs
- Reclamation and Subdivision
- Probate Bonds- In house authority up to $500,000 and programs to support any requirement
- ERISA Bonds- up to $500,000.00 (federal max requirement)
- Streamlined, small employee fidelity/dishonesty program- We also have additional fidelity programs for contract specific and larger fidelity requirements.
Construction Contract Services
Understanding the nuances of the construction industry and how the surety world views it, is the difference between a successful surety management group and a typical bond placement agency. With years of construction and surety industry experience coupled with the personal touch we apply to our relationship with you, we are able to see the hurdles before they happen and find the solution before the need. We have numerous specialty programs that help the new and emerging contractor grow when need be, as well as access to the large cap sureties that can maintain and grow with even the largest contractor.
Smaller contract, hard to place bonds up to $250,000
based on credit scores alone as low as 575. Credit should not be the only factor in determining if a risk is good to take.
Contracts up to $400,000.00 with a total program totaling $800,000.00
This program is also based on credit alone in most individual cases. Score of 650 or better is required, but there is always a solution if you don’t qualify here.
Contracts up to $1 MM with a total program totaling $1.5 MM
This is an exciting class of business. For some it’s smaller highly profitable and easily managed business and for others it’s a big step toward the next level. With a limited financial presentation we will help you with, we have numerous standard and hard to place options in this category.
Over $ 1MM single limits or any limits
When getting a bond, especially from a new market, it can be overwhelming. There is a lot of information and the way it is presented needs to be perfect in order to maximize your potential relationship with the surety. Don’t worry, we have you covered. Cleveland Surety Underwriters is widely known as providing some of the best submissions in the country. We will walk you step by step through the process, ask all of the right questions the surety will ask and present them with answers before they do. By doing this, we automatically start off with good footing to get the surety to partner with you. We are in the business of writing surety bonds, the only way we grow is if you grow, and we love it when our partners WIN.
Small Business Administration (SBA)
All people and all companies need help at some point. The SBA is there to help emerging companies’ get through the barriers of growth; and in some cases they help turn a company back in the right direction. By guaranteeing a large portion of the risk to the surety, the SBA allows smaller contractors establish a history of bonding when they may not otherwise qualify.
However, the process can be daunting. We make it easier. For contracts as much as $2MM, the SBA can be a key resource in your company’s long-term success. As your partner, we will help you achieve it.
