Commercial Surety

Our Approach

UFCIC targets bond classes which have a natural affinity for an automated transaction, lower average premiums, and have large number of prospects and transactions that can be easily handled with little or no human involvement. Through our proprietary bond platform, we will allow for automated underwriting, scheduling and delivery of bonds to producer and principal, direct bill, auto-renewals, competitive commissions with no reduction for renewals.

Appetite

UFCIC targetsSeeking classes and sublines of Commercial Surety which allows a pricing advantages through the use of technology. In addition, our target risks require:

  • a. Little or no coverage variation
  • b. Homogenous exposures
  • c. Mandatory coverage
  • d. Low average premium
  • f. Ability to control catastrophe exposure, low severity risk
  • g. Ability to electronically verify underwriting data

Bond Types

Accepted bond types include:

LICENSE AND PERMIT BONDS (Including U.S Government Excise Tax and Customs Bonds)
AGRICULTURAL BONDS REQUIRED BY PACKERS AND STOCKYARDS ACT
* Market Agencies or Dealers * Grazing and Farming Permits and Leases
* Packers * Livestock Dealers Excluding Bonds Required under Packers and Stockyards Act
* Commission Merchants and Produce Dealers - Other than Livestock * Milk Dealers
CONTRACTING (BUILDING, CONSTRUCTING, ELECTRICAL, MOVING, PLUMBING AND OTHER SUB-TRADES
* All Contractors License - Compliance * Where Bond Runs to Municipality
* All Contractors License - Third Party Liability * Where Bond Runs to State
* All Contractors License - Performance and/or Payment * Excess Weight and other Highway and Street

 

LICENSE AND PERMIT BONDS (Including U.S Government Excise Tax and Customs Bonds)
CUSTOMS BONDS AND CARNET BONDS
* Carnet Bonds * Single Entry
MOTOR VEHICLE
* New or New and Used Car, Truck, Mobile Home, RV Dealer's and Salesmen * Defective Title Bond
* Used Car, Truck, Mobile Home Dealers and Salesmen * Mobile Home Dealer - Warranty Coverage
* All Other Motor Vehicle * Dealer Bid and Supply Bonds
RETAIL SERVICES AND PROFRESSIONAL LICENSES
* Amusement, Sport Permits and Health Spas * Detectives
* Auctioneers - Other Than Livestock * Employment Agencies
* Blasting, Explosives and Fireworks * Liquefied Petroleum Gas - Compliance Bond
* Itinerant Merchants, Photographers, Book and Magazin Solicitors, Retail Stores, Service Shops * Professional Licenses Including Funeral Directors, Cemetery Permits; and Nursing Homes
* Shools - ALl * Travel Agencies
* Transportation Brokers * Weighmasters and Other Quality Control Inspectors
TAX AND FEES (INCLUDING EXCISE TAX)
* Manufactures, Brewers, Distiller, Winemakers, Warehouses, Rectifiers and Wholesales * Cigar, Cigarette and Tobacco Tax
* Retailers * All Others
CONTRACTORS TAX
* Single Contract * Blanket Contracts

 

LICENSE AND PERMIT BONDS (Including U.S Government Excise Tax and Customs Bonds)
GASOLINE, DIESEL FUEL AND KEROSENE TAX
* Refiners, Pipilines, Railroads and Airlines * Mileage Tax
* All Others - Sellers and Users * Miscellaneous Taxes
* Inspection Fee Tax Bond * Sales, Use and Comsumer Tax
WAREHOUSING - GRAIN AND COMMODITIES
* U.S Warehouse Act Licensed and Commodity Credit Corporation Warehouses * Other Private Warehouses (All)
* State Licensed Grain and Commodities Warehouses * Other Public Warehouses (All)
TAX OR FEE BONDS, PAYMENT OF
* Lottery Agent Bonds