Contract

CONTRACT BOND PROGRAMS

More Insight to Better Match Projects to Bonds

Clients and agents choose Applied Surety Underwriters for our acumen in evaluating the risks of each project and recommending the best bond program to protect owners and contractors.

More financial flexibility enables structuring of durable security packages that mitigate losses.

Who We Serve

Our contract surety solutions give government agencies and private owners confidence in selecting general contractors and subcontractors for projects.

General construction
Manufacturing, office, retail, distribution, and residential buildings
Roads, tunnels, and bridges
Water, sewer, and gas infrastructure

“Applied Surety Underwriters adds value beyond the transaction, becoming a trusted partner for project owners, developers, and contractors.”

- Josh Betz

What We Offer

From design to construction, manufacturing, fabrication, supply, installation and beyond, you'll find the risk underwriting knowledge and expertise you need to support your surety needs.

Bid Bonds

Owners or developers seeking a guarantee that the contractor will comply with the terms of their bid may require a bid bond to prove the contractor has the financial stability and resources for the project.

Payment Bonds

Construction projects involve subcontractors, laborers, suppliers and other parties overseen by the general contractor. Owners and developers may require a payment bond to ensure these parties receive payment.

Performance Bonds

If a contractor fails to satisfy the terms and conditions of the contract, a performance bond protects the owner from financial loss.

A Powerful Partner for Contractors

Capacity

$250M single bond
$250M aggregate bond programs
*Up to $300 million for qualifying clients

Financial Rating

Applied Surety Underwriters has entered into program administration agreements with multiple insurance carriers that allow the use of their licensed and US Treasury listed paper, carrying the following ratings:

North American Casualty Co., using carriers rated ‘A-’ Stable (Excellent) by AM Best, Siriuspoint America Insurance Company, rated ‘A-‘ positive outlook (Excellent) by AM Best, Argonaut Insurance Company, rated ‘A-‘ positive outlook by AM Best

Technical Knowledge

Our understanding of the construction industry goes below the surface, adding deep technical knowledge to its decades of underwriting experience.

We’re here to help.

Offered through Admitted carriers, Applied Risk Services Inc, Licenses available on request or in California through AU Insurance Services, Inc: California License Number 0D78336.