Commercial Bonds
Our experience in Commercial Surety is well documented, evidenced by our customer portfolio.
In addition to servicing local and regional commercial accounts, we service over 30% of the Fortune 500 customers—handling both their domestic and international bond needs. Our rate programs are competitive and our billing procedures are customized to fit our customers.
Your commercial surety needs are handled by field representatives and managers who specialize in such accounts. We have Surety offices strategically located throughout the United States to respond to your needs. This specialization enables us to shift much of the underwriting authority to the field, so bond needs are handled quickly and efficiently. These efforts are supported by a home-office staff focused solely on Commercial Surety business.
Safeco commercial bonds are characterized by quick delivery, reasonable rates, mitigation of risks, and protection of your rights. Some of the industries we serve include:
Energy Oil & Gas Industry
For Right-of-Way, strip-mining, tax appeal, and other bonds.
The following types of bonds are commonly used within the energy-oil & gas industry:
- Administrative Appeal bonds
- Court bonds
- Customs bonds
- Drilling, Operating or Plugging Oil, Gas or Mineral lease bonds
- Excess Weight and other Highway Permit bonds
- Insurance Program Financial Guarantee bonds
- Longshoreman — Harborworker's Act bonds
- Notary bonds
- Right-of-Way bonds
- Strip-mining
- Other bonds involving Restoration of Land
- Various Tax bonds
- Workers' Compensation bonds
Financial Services Industry
For collection agent, depository, lost instrument, and other bonds.
The following types of bonds are commonly used within the financial services industry:
- Check Sellers bonds
- Collection Agents bonds
- Court bonds (Appeal, Attachment, etc.)
- Depository bonds
- Insurance Agents bonds
- Insurance Program Financial Guarantee bonds
- Lost Instrument bonds
- Mortgage Broker's bonds
- Notary bonds
- Real Estate Agents bonds
- Release of Lien bonds
- Surplus Lines bonds
- Workers' Compensation bonds
Food/Restaurants Industry
For alcohol tax, cigarette tax, franchise agreement, and other bonds.
The following types of bonds are commonly used within the food/restaurant industry:
- Alcohol Tax bonds
- Cigarette Tax bonds
- Court bonds
- Franchise Agreement bonds
- Fuel Tax bonds
- Insurance Program Financial Guarantee bonds
- Notary bonds
- Subdivision bonds
- Utility bonds
- Workers' Compensation bonds
Healthcare Industry
For Medicare/Medicaid, patient trust, performance, and other bonds.
The following types of bonds are commonly used within the healthcare industry:
- Court bonds
- Denatured Alcohol bonds
- Insurance Program Financial Guarantee bonds
- Medicare/Medicaid bonds
- Notary bonds
- Patient Trust bonds
- Performance bonds
- Subdivision bonds
- Workers' Compensation bond
High-Tech/Telecommunication Industry
For franchise agreement, supply and install, and other bonds.
The following types of bonds are commonly used within the high-tech/telecommunications industry:
- Court bonds
- Franchise Agreement bonds
- Insurance Program Financial Guarantee bonds
- Notary bonds
- Pole Attachment bonds
- Supply and Install bonds
- Workers' Compensation bonds
Manufacturing Industry
For bid and supply, court, license and permit, and other bonds.
The following types of bonds are commonly used within the manufacturing industry:
- Bid and Supply bonds
- Carnet bonds
- Court bonds
- Customs bonds (General, Term Entry, Single Entry)
- Insurance Program Financial Guarantee bonds
- Lease bonds
- Notary bonds
- Tax Appeal, U.S. and Foreign bonds
- Various License and Permit bonds
- Various Tax bonds
- Workers' Compensation bonds
Retail Industry
For employment tax, liquor tax, sales tax, and other bonds.
The following types of bonds are commonly used within the retail industry:
- Cigarette Tax bonds
- Court bonds
- Customs bonds
- Employment Tax bonds
- Insurance Program Financial Guarantee bonds
- Lease bonds
- Liquor Tax bonds
- Notary bonds
- Sales Tax bonds
- Subdivision bonds
- Utility Payment bonds
- Workers' Compensation bonds
Service Industry
For appeal, concession, utility, and other bonds.
The following types of bonds are commonly used within the service industry:
- Alcohol Tax bonds
- Appeal bonds
- Concession bonds
- Court bonds
- Fuel Tax bonds
- Insurance Program Financial Guarantee bonds
- Notary bonds
- Patient Trust bonds
- Supply bonds
- Utility bonds
- Workers' Compensation bonds
Transportation/Railroads Industry
For admiralty, charter party, oversize vehicle, and other bonds.
The following types of bonds are commonly used within the transportation/railroads industry:
- Admiralty bonds
- C.O.D. bonds
- Charter Party bonds
- Court bonds
- Customs bonds
- Encroachment bonds
- Fuel Tax bonds
- Insurance Program Financial Guarantee bonds
- Lease bonds
- Liquor License bonds
- Longshoreman - Harborworker's Act bonds
- Notary bonds
- Oversize Vehicle Permit bonds
- Property Broker bonds
- Right-of-way bonds
- Special Agent bonds
- Toll Charge bonds
- Warehouse bonds
- Workers' Compensation bonds
Utilities Industry
For court, rate refunding, reclamation, and other bonds.
The following types of bonds are commonly used within the utilities industry:
- Court bonds
- Insurance Program Financial Guarantee bonds
- Notary bonds
- Rate Refunding bonds
- Reclamation bonds
- Various Tax bonds
- Workers' Compensation bonds
As we venture into the 21st century, the need for commercial surety bonds worldwide is growing. Safeco's global perspective makes us uniquely prepared to handle our clients’ needs. Safeco has issued bonds in more than 37 foreign countries, in addition to having strategic alliances with several major insurers for situations requiring a bond from a foreign insurer. We have associations with reinsurers/insurers in Canada and Mexico. Talk to a Safeco agent to find out how we can help you with your international business needs.
