Large National Commercial Surety
Offered by Tokio Marine HCC-Surety Group
Description
Tokio Marine HCC has a dedicated national commercial surety account division with $50 million in capacity to serve standard and specialty accounts nationwide.
Commercial contract: Manufacturers, retailers, technology and wholesale companies may be required to post securities associated with construction when working with public or private entities. This type of non-construction performance obligation can be covered through our commercial contract services.
Large infrequent bond needs: We offer both secured and unsecured capacity for large infrequent bond needs, such as appeal, probate, plaintiff’s and lost instrument bonds.
Site remediation bonds: In industries where daily operations can be harmful to the environment, bonds guaranteeing remediation of business sites are common. Most common are reclamation bonds for metal and mineral mines, as well as closure and post-closure bonds. These obligations are long-term and hazardous. A site remediation surety bond is an alternative option for your clients with rates competitive with bank letters of credit. This frees up bank capacity and produces recurring revenue for your agency.
Self-insured workers’ compensation programs: Most states allow large employers to forego external workers’ compensation insurance in favor of self-insuring. This requires the employer to post a surety bond with each state and can generate large nationwide bond programs for employers, municipalities and regional hospitals. Our various underwriting tools allow us to consider these high-risk obligations.
Details
Has Pen
Offered By
Availability 50 states + DC
Covered
Not Covered
