Commercial surety from 华体会
Whether your client is an entity required to post small bonds up to $1 million for low risk obligations, or a business seeking bond programs of $150 million or more, Hanover commercial surety has their needs covered with our transactional surety and account surety solutions.
By strategically placing your transactional bonds with one carrier, you can maximize your carrier relationship, compensation, and ease of doing business. 华体会 strives to be your one-stop-shop for all your transactional surety needs, whether it鈥檚 through your local surety underwriter, agency underwriting authority, or via BONDirect.
Target appetite
Serves businesses and professionals that are required to post bonds up to a $1 million single and $3 million aggregate limit for low-risk obligations. These generally fall into three primary groups:
- Bond that ensures compliance with statute
- Court mandated requirement
- Infrequent bond needs
Bond offerings
Here is a small sampling of the most frequent types of transactional surety bonds we write:
- Court (fiduciary and judicial)
- License and permit (contractors, collection agency, mortgage)
- Lost instrument bonds
- Medicare DMEPOS bonds
- Motor vehicle (defective title, dealers, vehicle verifier)
- Patient trust fund bonds
- Performance and supply (communications, equipment, technology, professional services)
- Public official bonds (tax collectors, treasurers, notary)
- Tax bonds (motor fuel, alcohol, tobacco)
Quote and issue online
BONDirect allows you to quote and issue most transactional surety bonds under $500,000, ERISA bonds up to $1M and business services bonds up to $100K in real time and in one easy transaction.
It rates, underwrites, quotes, and issues a bond within minutes, enabling your agency to distinguish itself with faster, more attentive client service.
- Commercial surety bonds
Many businesses need commercial surety bonds鈥攎anufacturers often need payment bonds, service businesses often need performance bonds, information technology companies often need bid bonds, wholesalers often need custom bonds, and more. With BONDirect you can instantly issue a bond with a maximum limit of $500,000 without underwriter involvement. A sampling of available bonds include:
- Court bonds
- License and permit bonds
- Supply bonds
- Performance and supply bonds
- Probate bonds
- Public official bonds
- Tax bonds
- Business service bonds
Service businesses with employees that work offsite need the financial protection and credibility provided by a business service bond. For businesses with 25 employees or less, you can instantly issue a bond with a maximum limit of $100,000 in BONDirect without underwriter involvement. Eligible businesses include:
- Babysitting or nanny services
- Delivery services
- Home electronics repair or installation services
- Home healthcare services
- Home improvement contractors
- Janitorial or cleaning services
- Lawn care services
- Pet sitting services
- And more
- ERISA fidelity bonds
Every fiduciary of an employee benefit plan and every person who manages funds or other property of such a plan must be bonded with specific coverage limits. BONDirect makes it easy to instantly obtain an ERISA fidelity bond without underwriter involvement that:
- Protects your clients鈥� assets in a retirement plan from acts of fraud or dishonesty committed by an employee trustee of the plan
- Has a minimum limit of $10,000 per plan
- Includes an automatic increase feature to ensure compliance with ERISA during the bond term (no additional premium during the current term)
Our dedicated team of experienced surety underwriters understand local markets and business trends, possess deep industry knowledge, and can make underwriting decisions on the spot. They work closely with you to provide products and services designed specifically for the unique risks of your customers.
Target appetite
We provide expert guidance and world-class coverage for all types of surety risks and business types including:
- Business services
- Financial institutions/services
- Food and entertainment
- Healthcare
- Manufacturers
- Real estate
- Renewable energy
- Technology
- Telecommunications
- Transportation
Bond offerings
We offer solutions for clients seeking bond programs of $150 million or more. We issue surety bonds throughout the United States, Canada and Mexico. Bond offerings include:
- Bid, performance and payment bonds for business services
- Court bonds
- Customs bonds
- Depository bonds
- Financial guarantee bonds
- Supply and install bonds
- Tax bonds
- Trustee bonds
We offer a wide range of industry-specific commercial surety bonds that complement our property and casualty industry capabilities and help you craft account-focused solutions. Unlock the Hanover advantage.
A stable writer
华体会 is a leading U.S. surety provider, in the bond business since 1907.
Broad range of surety solutions
Meeting the needs of customers ranging from individuals and smaller businesses to Fortune 2000庐 companies
Significant capacity
Ability to provide large account bonds programs up to $100 million
Empowered underwriting
Responsive commercial surety specialists who understand local markets and have the experience to select the right product
Claims expertise
Dedicated department specialized in handling surety claims
Financial strength
鈥淎鈥� ratings from A.M. Best, S&P and Moody's
By strategically placing your transactional bonds with one carrier, you can maximize your carrier relationship, compensation, and ease of doing business. 华体会 strives to be your one-stop-shop for all your transactional surety needs, whether it鈥檚 through your local surety underwriter, agency underwriting authority, or via BONDirect.
Target appetite
Serves businesses and professionals that are required to post bonds up to a $1 million single and $3 million aggregate limit for low-risk obligations. These generally fall into three primary groups:
- Bond that ensures compliance with statute
- Court mandated requirement
- Infrequent bond needs
Bond offerings
Here is a small sampling of the most frequent types of transactional surety bonds we write:
- Court (fiduciary and judicial)
- License and permit (contractors, collection agency, mortgage)
- Lost instrument bonds
- Medicare DMEPOS bonds
- Motor vehicle (defective title, dealers, vehicle verifier)
- Patient trust fund bonds
- Performance and supply (communications, equipment, technology, professional services)
- Public official bonds (tax collectors, treasurers, notary)
- Tax bonds (motor fuel, alcohol, tobacco)
Quote and issue online
BONDirect allows you to quote and issue most transactional surety bonds under $500,000, ERISA bonds up to $1M and business services bonds up to $100K in real time and in one easy transaction.
It rates, underwrites, quotes, and issues a bond within minutes, enabling your agency to distinguish itself with faster, more attentive client service.
- Commercial surety bonds
Many businesses need commercial surety bonds鈥攎anufacturers often need payment bonds, service businesses often need performance bonds, information technology companies often need bid bonds, wholesalers often need custom bonds, and more. With BONDirect you can instantly issue a bond with a maximum limit of $500,000 without underwriter involvement. A sampling of available bonds include:
- Court bonds
- License and permit bonds
- Supply bonds
- Performance and supply bonds
- Probate bonds
- Public official bonds
- Tax bonds
- Business service bonds
Service businesses with employees that work offsite need the financial protection and credibility provided by a business service bond. For businesses with 25 employees or less, you can instantly issue a bond with a maximum limit of $100,000 in BONDirect without underwriter involvement. Eligible businesses include:
- Babysitting or nanny services
- Delivery services
- Home electronics repair or installation services
- Home healthcare services
- Home improvement contractors
- Janitorial or cleaning services
- Lawn care services
- Pet sitting services
- And more
- ERISA fidelity bonds
Every fiduciary of an employee benefit plan and every person who manages funds or other property of such a plan must be bonded with specific coverage limits. BONDirect makes it easy to instantly obtain an ERISA fidelity bond without underwriter involvement that:
- Protects your clients鈥� assets in a retirement plan from acts of fraud or dishonesty committed by an employee trustee of the plan
- Has a minimum limit of $10,000 per plan
- Includes an automatic increase feature to ensure compliance with ERISA during the bond term (no additional premium during the current term)
Product resources
Resources for you
Applications and forms
Let's start a conversation today
Contact a member of our Hanover commercial surety team who can help you deliver tailored surety solutions for your clients.
Joellen Mendoza
Vice President, Head of Commercial Surety
630-521-8461
jmendoza@hanover.com
Kim Kelly
East Region
862-219-3378
kkelly@hanover.com
Ryan Bauch
Central Region
630-337-6315
rbauch@hanover.com
Tom Harman
West Region
206-454-8708
tharman@hanover.com