Why do I need a Surety Bond?
Updated: Jul 22
For Commercial & Construction Lines
Surety Bonds provide financial security and assurance that contractors will perform the work and pay subcontractors, employees, and suppliers.
What Is a Surety Bond and How Does It Work
It is a risk transfer mechanism where the Surety Company assures the Obligee (Owner) that the Principal (Contractor), will perform the contract in accordance with the contract
documents.
Fulcro’s approach to secure & maintain a Bonding Line of Credit includes:
Client Qualification with the Surety
Financial Statement Analysis(Personal & Corporate)
Operational Reviews
Risk Assessment
How Fulcro Helps You Secure a Surety Bond
Fulcro’s insurance specialists are committed to helping you understand how bonds work and why you may need one in your specific industry. Our approach to help you get, maintain, or expand your bonding capacity (line of credit), is uniquely positioned not only to place Bid, Performance and/or Payment bonds but also to help you accomplish all of your surety requirements.
*Please note that the availability of this service is subject to the insurance companyʼs underwriting guidelines and thus, may not be available to all industries.
Contact one of our insurance specialists for a free consultation.
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About Fulcro
With 45+ years of experience, Fulcro Insurance is a leading risk management and insurance brokerage firm helping businesses protect what matters most. We design customized commercial insurance, employee benefits, surety, cybersecurity, and claims management solutions tailored to each organization's unique needs. Serving clients across Puerto Rico, Florida, Georgia, and the Dominican Republic, our industry-specific insurance specialists provide strategic guidance that helps businesses manage risk with confidence.
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