Billing Procedures

Safeco's custom billing gives you new options in payment flexibility.

Our Premium Activity Report (PAR) provides billing and bond activity information tailored to your specific needs.

PAR provides all the activity for a specific surety account within a given period. Billing intervals and terms can be customized to fit your needs. This provides you with the billing information necessary to manage your surety business more effectively.

There are three types of activities that can be processed as part of a PAR program that include a billing statement for nonstandard terms such as quarterly, semiannually, and annually. This program can also provide a detailed activity report for a specific account separate from the monthly accounting statement showing obligee, bond amount, and description, and also allows a segment of an account's bond program to be billed separately such as a notary program.