Miami, FL (PRWEB) August 01, 2014
Nielson, Hoover & Company, Inc., America’s number one provider of surety bonds, announced today that it has acquired the assets of Focus on Surety, LLC (FOS) dba Suretegrity®, the only bond agency in the country with the technology to deliver all Surety Bond offerings instantly online. This new operation will now be Nielson, Hoover & Company, Inc. dba Suretegrity. The acquisition of Suretegrity helps strengthen NHC’s leading position in the industry and gives them an even greater competitive edge with this powerful combination.
The Suretegrity online bonding process enables clients to easily purchase surety bonds online through a process that takes only minutes rather than what can traditionally take days. “This new distribution model for surety bonds make it easy, fast and efficient,” said David Hoover, President of Nielson, Hoover & Company, Inc. “NHC is extremely excited to acquire the Suretegrity online retail commercial surety bond model that was created by FOS,” Hoover continued.
While Nielson, Hoover & Company, Inc is well-known for their contract surety operations, they have also had a strong focus on commercial surety since their inception and maintain a significant market share in the commercial surety industry. Their product offerings range from small transactional obligations to commercial account business to large financial guarantees. To best service their commercial transactional business, they have maintained a separate commercial surety operation in their Orlando, Florida location where their sole focus is transactional commercial surety. This office will also be the new headquarters for their Suretegrity operation.
FOS, former owners of Suretegrity, will now focus on their core product offerings, e-SURETY™, a web-based automation system for surety carriers, while NHC will take the FOS business model that was created and add their market structure, experience, product knowledge, customer service focus, and the financial commitment of an industry leader. With NHC’s acquisition of Suretegrity, their emphasis on customer service will be key. All of FOS’s participants can anticipate receiving improved service and support that all NHC customers have come to expect. “It is this outstanding level of commitment that NHC provides that has helped make our company the nations’ leader,” Hoover said.
With this change, Suretegrity clients will be able to enjoy many benefits including over 50 surety markets; improved underwriting support; additional bond types to choose from; best terms in the marketplace; more options for hard to place bonds; the ability to place large and small Performance and Payment bonds.
NHC’s sole focus is bonds and this new opportunity will provide a model that assists their partners with this unique product. Suretegrity does not expect any systems related down time during this transition.
Nielson, Hoover & Company is America’s number one provider of surety bonds. They bond more projects than any other agency. Throughout the years, NHC has developed a deep understanding of the surety industry. This knowledge allows them to provide superior services and a comprehensive solutions way to maximize your bonding capacity with the best terms and conditions. They have the capacity and experience it takes to support the largest national contractors and the hometown knowledge and personal service to ensure mid and small size contractors receive the same attention and expertise. NHC does business with over fifty sureties which ensures you will be matched with the surety that is best for your particular need. As your needs change, they have the market that will best match your changing needs. Whether you are out growing your existing relationship, or have gone through some difficult times, they can help you.
Nielson, Hoover & Company is the largest independent surety agency in the South East with offices in Miami, Palm Beach, Orlando, Tampa, Atlanta, Savannah, Charlotte, and Asheville. They have an extensive network of more than 20 experienced surety bond specialists. Their producers average over 20 years each in the industry with their customer service representatives averaging nearly 15 years.
Suretegrity is the only surety bond agency in the United States with the technology to deliver all surety bond offerings instantly online. The Suretegrity online bonding process empowers the consumer to easily purchase surety bonds online through a process that takes minutes, not days.
Suretegrity utilizes two sales channels. The first is a direct sales model. They sell bonds directly to principals by allowing them to apply for, pay for bonds, and print their bond completely on the web via their Suretegrity web portal. Their second sales channel is to offer completely automated bond application, underwriting, and distribution through their agent partners’ web space. Their service focus is to work with Property and Casualty Agencies whose clients have a need for bonds. By offering full-service bonding to their fellow agents, they believe they offer significant value-added services to those agents and their customers. In particular, since they are technology centric, their agent partners can simply place bond offerings on their website for the convenience of their internal staff and clients, while their systems handle all the processing. This results in the Property and Casualty agency’s clients never having to leave the agent’s website and their partner agency never has to handle a bond – they do it all for them.