Contract Bonds

Category: Contract
Industry: Construction & Real Estate
Group: Surety Group

Whether your client is building a school, paving a highway or constructing a solar farm, as a leading national provider of contract surety bonds, Tokio Marine HCC has the capacity, expertise and solution-driven approach to provide the necessary contract surety support.

Highlights

Performance and payment bonds
Specialty contracts
U.S. Small Business Administration Bond Guarantee Program
State and local bond assistance programs.
Quick'n Ez $250,000 program

Best For

Tokio Marine HCC - Surety Group has the capacity and reach to support small and middle-market contractors for single bonds up to $50 million. Our local knowledge and resources provide an outstanding combination of products and expertise for performance, payment and maintenance bonds. We work with our contractors to grow their businesses and provide all levels of support. Our flexibility allows contractors to expand their surety credit availability to meet business demand.

Summary of Coverage

Not all contractors have the ability to qualify for surety credit under the “traditional” model. We are uniquely equipped with the requisite skill and knowledge to underwrite special situations, companies and individuals. Typically, our specialty contract clients are skilled contractors that may have one or more of these traits: no established surety credit; a desire to expand in size, scope, and/or territory and limited corporate financial base relative to credit needs.

We take the time to get to know and understand our contractors, allowing us to structure a program utilizing whatever terms necessary to provide surety credit. Some of the solutions we provide include working with the U.S. Small Business Administration Bond Guarantee Program as well as state and local bond assistance programs.

Additionally, we have the ability to secure unique forms of collateral, including letters of credit, cash, real property and pledged securities accounts.

Project Specific Liability

Tokio Marine HCC provides coverage for scheduled commercial and residential projects on a primary and excess basis.

Practice Policies for Contractors

Tokio Marine HCC offers practice policies for contractors on a primary and excess basis.

Commercial Bonds

Need commercial surety services? We offer a national market for license and permit bonds and other commercial surety obligations.

Why Tokio Marine HCC?

Tokio Marine HCC is a leading specialty insurance group with offices in the United States, Mexico, the United Kingdom and Europe, transacting business in approximately 180 countries and underwriting more than 100 classes of specialty insurance. Our products and capabilities set the standard for the industry, and many of our almost 3,000 employees are industry-leading experts. Each of our highly entrepreneurial businesses are equipped to underwrite special situations, companies and individuals, and acts autonomously to deliver effective solutions.