Month: June 2021

Surety: BIGGER Isn’t Always BETTER

Paychecks, desserts and warm hugs: Bigger is always better!

But let’s face it, sometimes it isn’t. One example may be the bonding company you’re dealing with. What do you get with a BIG surety carrier?

  • Underwriting authority divided into multiple levels shared by branch and home office people
  • Prohibited transactions lists to prevent creative / aggressive underwriting
  • Slow response times as communications run up and down (and up and down again) the chain of authority

With smaller sureties…

  • With a smaller bonding company, such as FIA Surety, the most senior underwriter reviews every transaction and is only a phone call away
  • Approvals come quickly when the decision-making structure is extremely flat
  • You can build a rapport with senior management!

Strong underwriting results = a consistent appetite. FIA has produced a profit for the last ten years!

In surety, BETTER is BETTER. You need a smaller, more agile carrier like FIA Surety! We get it done. Call us for Contract Surety, Site or Subdivision Bonds.

FIA Surety / First Indemnity of America Insurance Company
2740 Rt. 10 West, Suite 205
Morris Plains, NJ 07950
Office: 973-541-3417

An “A Rated” Carrier

Visit our Free CE school.

Surety Underwriters: 2 Flavors

With Surety Bond Underwriters, you get 2 choices.

Flavor #1: Checklist Underwriters

“We have a checklist. We go down the list and check off the boxes. If everything is checked off, the bond is approved.

It’s called underwriting!


Flavor #2: Production Underwriters

Review the details of the case.

The “big picture” is evaluated. No case is perfect. Approve the bonds that deserve approval.

OK, which do you want on your next surety bond? At FIA, our revenues are up with spectacular underwriting results. We are highly experienced, detailed underwriters with a problem-solving attitude.

“All board!” Call us with you next Contract, Site or Subdivision Bond.

FIA Surety / First Indemnity of America Insurance Company
2740 Rt. 10 West, Suite 205
Morris Plains, NJ 07950
Office: 973-541-3417

An “A Rated” Carrier

Visit our Free CE school. Next webinar: “Understanding Financial Statements” on 7/1/21

Last Call! Understanding Financial Statements

i-dont-undertand

They are mysterious, baffling, strange..
All those numbers in columns, what do they MEAN?!

On July 1st, find out! This is the first offering of our newest 3 credit Free CE course.

Everyone is invited! Free Zoom webinar, no exam. Accredited continuing education course in DE, FL, GA, MD, NC, NJ, PA, SC, TN, TX, VA.

For more info and to register: Click! FIA Surety School, Steve Golia, Director

The place for Subdivision and Contract Surety Bonds:

First Indemnity of America Insurance Company
2740 Rt. 10 West, Suite 205
Morris Plains, NJ 07950
Office: 973-541-3417

An “A Rated” Carrier

We are currently licensed in: NJ, PA, DE, MD, VA, NC, SC, WV, TN,  FL, GA, AL, OK, TX

Subdivision Bonds: Learn Now!

Get smarter in just 2.5 minutes!

Click on the giant brain and we will transmit information directly into your hippocampus.

https://www.fiasurety.com/public/fiadocsnew/FIA_Sub-Division_Video.mp4

Brought to you by the “Giant Brain” of Subdivision Bonds:

FIA Surety / First Indemnity of America Insurance Company
2740 Rt. 10 West, Suite 205
Morris Plains, NJ 07950

Office: 973-541-3417

Visit our Free CE School. We’ve added new courses!

Homebuilder Blunders

Didn’t use a Subdivision Bond to secure the public improvements on your last project?

Major mess-up but it’s not too late to fix it! You can still have all the advantages (watch video) of using a Subdivision Bond by replacing the security you filed with the municipality.

Call us and we’ll tell you how. FIA Surety has supported homebuilders and land developers for more than 40 years.

FIA Surety / First Indemnity of America Insurance Company
2740 Rt. 10 West, Suite 205
Morris Plains, NJ 07950
Office: 973-541-3417
Visit us: www.fiasurety.com
We are currently licensed in: NJ, PA, DE, MD, VA, NC, SC, WV, TN,  FL, GA, AL, OK, TX