THE BARBOUR GROUP - MARKETS
“sure-ty n. 1. the state of being sure, sureness, assurance. 2. something sure, certainty.
3. something that makes sure or gives assurance, as against loss, damage, or default; security, guarantee.”
As a contractor in need of bonds, having an agent with a multitude of surety partners is essential.
Not only does it signify that an agent — like The Barbour Group — has a strong reputation in the industry to represent key sureties, but it demonstrates that the agent has the wherewithal to supply those markets with solid accounts in order to maintain those markets.
An agent having both regional and national sureties also spells out for the contractor that the agent has the ability to groom their clients for larger bonding capacity.
As a contractor outgrows the capacity that a regional surety can offer, the agent has at its ready disposal several national/larger sureties that look to support their client's growth.
It is noteworthy that an agent does not rely solely on one or two sureties to service their business.
Sureties can change their direction in terms of the class of construction they want to bond. They can close operations and decide not to entertain bonds in specific territories.
Having a multitude of sureties assures the contractor that the agent has the ability to transfer business to another surety in the event the incumbent surety is no longer aligned with the contractor’s business needs.
TBG’s broad access to leading insurance and surety corporations around the country ensures that we will find your company’s best fit for price, service and bonding capacity. We can bring you the necessary financial backing and peace of mind from a diverse selection of over 16 major insurance and surety companies, located throughout America.
For immediate assistance contact The Barbour Group at (866) 876-9610 or email email@example.com.