Writing only surety assures that South Coast Surety has the right in-house underwriting authority, experience, knowledge and surety carriers to benefit its direct accounts and producing insurance brokers.
San Clemente, California (PRWEB) February 02, 2015
It was 20 years ago when South Coast Surety first opened its doors in San Clemente, California.
The early beginnings for South Cost Surety focused on providing local contract surety representation. But, before South Coast Surety reached its fifth year the firm expanded into providing wholesale surety support for many insurance agencies and their clients throughout the western states. Much of their business growth was driven through a number of commercial surety programs developed with their surety partners for transactional commercial surety bonds.
Now, as a National Managing General Underwriting Agency, South Coast Surety is among the largest “Bond Only” Surety Agencies in the country. They provide a large range of surety products for insurance brokers and direct accounts. Writing only surety assures that South Coast Surety has the right in-house underwriting authority, experience, knowledge and surety carriers to benefit its direct accounts and produce insurance brokers. With its own underwriting authority, South Coast Surety is a Direct Writer for all surety bonds.
South Coast Surety has built an experienced staff to provide effective and responsive surety support to clients and insurance brokers in all 50 states. Their surety market partners include most surety companies writing surety bonds throughout the country. Through their surety relationships they are able to provide construction contract surety bonds and non-construction contract surety bonds on an account or transactional basis. South Coast Surety is also among the top national surety agencies in providing the full spectrum of commercial surety, license/permit, fidelity and miscellaneous surety bonds.
In its two decades of business, South Coast Surety has enjoyed the confidence of their Surety Company partners to develop both commercial surety and contract surety programs. With these programs South Coast Surety has helped many direct contract and commercial accounts, along with the thousands of Insurance brokers in its network across the country to provide the surety bond support needed by their clients.
In their surety lineup are a number of special rate programs, “alternative bad credit” bonding plans, in-house underwriting for commercial and contract bonds, online applications and electronic bond filing. The majority of these programs are accessed through their website at: http://www.southcoastsurety.com.
As a long time and active member of the National Association of Surety Bond Producers, South Coast Surety has helped lead the way with a variety of issues. The firm has been intimately involved with the surety industries outreach program to help small, emerging and disadvantaged contractor firms. They have also added significant efforts to define and create surety parameters for non-construction contract surety support for a wide variety of service and supply/install contractors.
Steven Swartz, President and CEO stated in response to South Coast Surety’s 20th anniversary that they are “looking forward to seeing the continuing growth of the Managing General Agency in the surety marketplace for decades to come”.