Surety Programs
What We Offer:
Contract Surety
Bid Bond
Performance Bond
Payment Bond
Supply Bond
Maintenance Bond
Surety Bond Programs:
30+ years of experience
Quick Response Time
Planning sessions for future growth
Let us help you grow!
Quick Bond Program
24 hour turnaround
1 page application
No Financials
Standard Bond Program
Surety Limits from 500K to 100 Million Per Project
Quick Bond Program (Under $500,000)
An ideal solution for many contractors bidding on smaller projects is using a credit-based program. A credit-based or quick bond program is a quick and easy way to obtain a bond without providing any financial statements. With our quick bond program, we can provide a bond up to $500,000 with an aggregate of 800,000 and with basic financials we can assist in bonding a bid up to 1,000,000.
What We Need From You:
PI’s Quick Bond Questionnaire filled out
Invitation to Bid (Bid Bond)
Bid spread result and copy of contract (Performance and Payment Bonds)
PI’s Bonding History
Professional Insurors has been in the bonding industry for over 30 years. Our program was established with the goal to not only assist contractors to be competitive throughout the bonding process but to also facilitate furthering the success of their company.
Standard Bond Program:
Our Contract surety program offers bonding for any size project. With an intricate understanding of the construction industry and the bonding process, we are able to cater to your individual surety needs. Our goal is to create a long-term relationship between contractors, Professional Insurors, and the Surety company. This will allow the company to reach their long-term goals.
What We Need From You:
Completed & signed contractor’s questionnaire form
Last 3 years fiscal year end financial reports of business
Last 3 years business income tax filings
Financial report on business
Most recent income tax filing of business owners
Reference
Bank letters
Completed contract bond request form
Response Time
At Professional Insurors we understand that contract bonds are highly time-sensitive. We aim to have a turnaround time as soon as one business day of a completed application.
General Liability Insurance
General Liability consists of coverages which protect an insured against third party claims for property damages or bodily injury.
Coverage Options:
Per Project Aggregate (new limits per project)
Blanket Additional Insured
Blanket Waiver of Subrogation
Broad Definitions of who is Insured
Broad Definition of Territory
Cyber Liability Insurance
Cyber Liability Insurance helps protect businesses against the viciously damaging and increasingly prevalent threat posed by breaches in cyber security.
Coverage Options:
Litigation expenses
Regulatory defense expenses/fines
Forensic investigations
Crisis management expenses
Business interruption
Cyber extortion
Betterment
Directors & Officers
Directors and Officers Insurance (D&O) protects the personal assets of a company’s directors and officers as well as the company’s financial well-being.
Coverage Options:
Building Ordinance and Increased Cost of Construction
Boiler Coverage
Equipment Breakdown Coverage
Loss of Rents Coverage
Extra Expense
Blanket Limits for Large Risk
Loss Limits for Properties with Spread of Risk
Professional Liability
Professional Liability Insurance, also called Errors and Omissions (E&O), covers professionals with specific knowledge in a specific area and protects them against claims from their clients.
Coverage Options:
Limits available from $300,000 to $20,000,000
Wide Range of Deducible Options
Represent Multiple A Rated Insurers and offer Side by Side comparison quotes
Special Programs for small firms available