SuretyOne

Surety One, Inc. is a surety and fidelity bond underwriting agency operating from Raleigh, North Carolina and San Juan, Puerto Rico as part of the Poindexter Surety Group. It writes commercial, contract, fidelity and financial guarantee bonds, including accounts that standard markets decline.

The commercial class covers license and permit bonds, public official bonds, fiduciary and judicial bonds, BMC-84 freight broker bonds and miscellaneous bonds. The contract class covers bid, payment, performance and maintenance bonds and subdivision bonds for general contractors, subcontractors, suppliers and service contractors. Other lines include commercial crime policies and third party fidelity bonds, ERISA fidelity bonds and fiduciary liability, financial guarantee bonds or credit wraps, reclamation and environmental remediation bonds, a bail surety managing general agency offering agency agreements in all bail states, and cannabis sector programs.

Bonds under $25,000 generally require only a completed application; larger requests, or bond language the surety company considers onerous, require personal and business financial statements. The agency says it offers non-standard capacity to applicants with damaged credit or no consumer credit history, sets no arbitrary upper limit on single or aggregate liability, owns its own insurance company and holds fronting and reinsurance agreements, and does not source bonds through other brokers. It is licensed in all 50 states, Puerto Rico, the U.S. Virgin Islands, Canada and the Dominican Republic, and lists itself as a BBB accredited business.

Premium depends on bond class, size and credit and is not published. The group runs several other portals for specific bond lines, so it is worth confirming which entity is issuing and what the terms are before binding.