$19 million contractor account. Received, underwritten, and approved the same day.
Novum SuretyPro is growing — and we are appointing new agents.
If you’re looking for a responsive surety market that will take the time to understand the account and give you a clear answer, send us an opportunity.
~Surety Forward~
info.surety@NovumUW.com
Steve Golia, North America Surety Practice Leader
Novum SuretyPro is now available to help brokers serve contractors with practical underwriting, responsive service, and disciplined capacity.
Have an opportunity? Contact us at info.surety@novumuw.com or visit novumuw.com
Steve Golia, North America Surety Practice Leader
Ever send a bond submission to an underwriter and wonder if it disappeared into a black hole?
You send the application. You attach the financial statements. You explain the contractor’s needs.
Then you wait.
And wait.
Meanwhile, the contractor is calling you, the bid deadline is approaching, and you have nothing meaningful to report.
At Novum SuretyPro, we believe there’s a better way.
We understand that surety producers operate in a deadline-driven business. Contractors need answers, and agents need an underwriting partner who recognizes the urgency. That’s why we’ve adopted a straightforward service commitment: NO MORE THAN TWENTY-FOUR HOURS WITHOUT A SUBSTANTIVE UPDATE.
That doesn’t mean every bond can be approved in two days. Some accounts require additional financial information, contract reviews, or discussions with our carrier partners. But it does mean we intend to keep the process moving.
A substantive response might be:
Even a timely no can be valuable. It allows the producer to pursue another solution while there’s still time.
We believe responsiveness is more than good customer service. It’s an essential part of good surety underwriting. And when an agent sends us a submission, we want that agent to feel confident that someone knowledgeable is working on it. Because in the surety business, the only thing worse than a difficult answer may be no answer at all.
NOVUM SURETYPRO IS OPEN FOR BUSINESS!
We’re actively appointing new agents nationwide. We offer access to multiple surety markets, A-rated, Treasury-listed surety bonds, experienced underwriting, and competitive commissions of up to 35% on eligible business. No minimum production commitment.
Whether you’re an established surety producer or an insurance agent looking to develop new bonding opportunities, we’d welcome the opportunity to work with you.
Novum SuretyPro — The Way Forward.
Visit us at www.novumuw.com
New business and agency inquiries: info.surety@NovumUW.com
#Surety #SuretyBonds #InsuranceAgents #ContractBonds #Construction #SuretyUnderwriting
“Retainage” locks up construction profits…
Retainage is a contract provision that delays the contractors receipt of EARNED PROFITS.
An FIA Retainage Bond is the key to releasing these funds!
Contact us to learn more.
FIA is a bonding carrier that has been serving the needs of contractors for more than 45 years.
FIA Surety / First Indemnity of America Ins. Co., a Palomar Company
2740 Rt. 10 West, Suite 205
Morris Plains, NJ 07950
856-304-7348
A Carrier Providing Contract, Site and Subdivision Bonds up to $10,000,000!
Clients with a 12/31 year end should provide a draft FS for review with 2026 bonding in mind.
FIA Surety / First Indemnity of America Ins. Co., a Palomar Company
2740 Rt. 10 West, Suite 205Morris Plains, NJ 07950
856-304-7348
A Carrier Providing Contract, Site and Subdivision Bonds up to $10,000,000!
No WASTED MONEY on boring CE classes!
FIA Surety is providing a pair of exciting, free zoom webinars:
“Understanding Financial Statements” on 1/6/26 and
“Advanced Financial Statement Analysis” on 2/2/26
After these free Zoom classes you’ll never be intimidated by a financial statement again! Join us: 3 free CE credits, no exam. Attend from home or office. You may actually enjoy it!
More info and to register, click or paste into a new browser:
https://fiasurety.blog/2020/08/16/free-ce/
FIA Surety / First Indemnity of America Ins. Co., a Palomar Company
2740 Rt. 10 West, Suite 205Morris Plains, NJ 07950
856-304-7348
A Carrier Providing Contract, Site and Subdivision Bonds up to $10,000,000!
We just added another state to our accredited Free CE program:
Are financial statements intimidating? We call our next two webinars the “Dynamic Duo.” They cover the basics of reading financial statements (January) and then a deeper plunge into the subject (February).
Think how much you could learn in six hours of instruction!
Get more info and register once for all future webinars. 3 credits per month and no exams. Nothing to buy or download. Attend from home or office.
Oregon agents, sign up now! Click or paste into a new browser:https://fiasurety.blog/2020/08/16/free-ce/
FIA Surety, a Palomar Company – Bonds up to $10,000,000 Specializing in Contract, Site, and Subdivision Bonds for more than 45 years. We’re the EXPERTS!
http://www.fiasurety.com
856-304-7348
Put on your thinking cap and take a shot at this latest FIA Surety Challenge – based on a real life case.
Details:
FIA Surety Challenge question: If you were the claims rep, how would you respond to this claim, and why? Should it be paid? Click for “think music.”
OK, your answer please?
This one is a little complicated. The preliminary notice is not an actual lien. A lien was eventually filed, but it was late, needed to be filed no later than November. When filed, such a lien has no legal effect.
With the lien period expired, and no valid lien on file, the claimant has missed an element required to make an enforceable bond claim.
Unfortunately for this claimant, they waited too long to act and missed their window of opportunity. There is a legal basis for declination of the claim.
FIA Surety / First Indemnity of America Ins. Co., a Palomar Company
2740 Rt. 10 West, Suite 205
Morris Plains, NJ 07950
Office: 973-541-3417
A Carrier Providing Contract, Site and Subdivision Bonds up to $10,000,000!
A capped bid bond (maximum dollar amount) can be last minute increased with an email attachment of the front page, if signatures are on the second page.
FIA Surety / First Indemnity of America Ins. Co., a Palomar Company
2740 Rt. 10 West, Suite 205
Morris Plains, NJ 07950
Office: 973-541-3417
A Carrier Providing Contract, Site and Subdivision Bonds up to $10,000,000!
“Our 2026 budget for CE expenses: $ Zero!!“
No more wasted dollars on boring CE classes. The FIA Surety Free CE School offers fun, interesting Zoom webinars you can attend from home or office. No exams. 3 free CE credits per month. Free gifts. Learn / Earn!
FIA Surety has delivered thousands of Free CE credits, and our program is only getting better – adding new states, updating our course selection. No more “HO-1” classes for your people!
Check out our upcoming schedule. Click here, or paste this into a new browser: https://fiasurety.blog/2020/08/16/free-ce/
Register once for access to all future monthly webinars. Nothing to buy or download. 2026 is gonna be great! Follow the link for more info.
This program is provided by your best Surety Carrier:
FIA Surety, a Palomar Company – Bonds up to $10,000,000
Specializing in Contract, Site, and Subdivision Bonds for more than 45 years. We’re the EXPERTS!
http://www.fiasurety.com
856-304-7348