The Intelligent Agent
The Intelligent Agent
Built for Bonds & Surety

Surety answers, without the surety carrier's hold music.

Performance bonds, payment bonds, license bonds, fidelity. Underwriting requirements, premium math, indemnity language, T-listing limits - all cited.

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Does the named insured's umbrella drop down for an auto liability claim if the personal auto policy is exhausted?

Yes, on this insured's policy. Your Personal Umbrella endorsement [1] follows form to the underlying Personal Auto liability limits of $250k/$500k/$100k. Once those are exhausted, the umbrella responds up to the $1M aggregate limit.

Coverage is subject to the SIR of $250 for non-underlying claims [2].

[1] Smith_PUP_2024.pdf p.4[2] PAL_Endorsement_22.pdf p.2

The pain we take off your plate.

'Why does this need 10% of the contract?'

Explain bond rates and SFAA tables to a contractor who's never bonded a job before.

T-listing single project vs aggregate

Find the carrier's Treasury limit before you spend two days putting a submission together.

Indemnity agreement nuance

Personal indemnity vs corporate, spousal language, collateral triggers - pulled from the actual GIA, not memory.

What's in the brain.

Stacked across Bonds & Surety - plus your own house knowledge once you upload it.

  • AIA A312 performance and payment bond forms
  • SFAA bond rate manual
  • Treasury Listing of Approved Sureties (Circular 570)
  • Surety underwriting rules of thumb (10-3-2, working capital, etc.)
  • License and permit bond requirements by state
  • Commercial Crime / Fidelity policy forms

Try a question.

What's the minimum working capital a surety wants for a $5M single project bond?
Standard surety underwriting wants working capital of at least 10% of the single bond amount, so $500k for a $5M bond, with aggregate program capacity typically 10x WC. Expect tighter requirements (15–20%) from standard markets if the contractor has limited bonded history. [1] SFAA underwriting standards [2] Your Knowledge Base - Travelers contractor guide.

"Our surety producer used to spend half his day on the phone with underwriters asking the same five questions. Now he asks here first."

- Surety bond producer, Midwest agency

Ready to see it on your book?

Performance, payment, license, and fidelity - in one place.