We Solved It!!

Steve, here is the story. FIA Surety provided the requested bid bond based soley on indemnity – we rarely require collateral or funds control.

Details:

• Operating under current ownership for 9 months
• Year company started: 2018
• Negative net quick on 12/31/24 year-end financial statement
• Also negative net worth
• And lost money for the year…

So how did we do it? We supported the case based on the following:

1. Our highly capable agent knows them well and recommended our support.
2. The credit reports were not weak despite the poor FYE results.
3. The internal, mid-year statement showed improvement
4. They are holding an excessive amount of equipment and will raise capital by selling unnecessary items
5. The owners have loaned money to the company (a sign of good faith)

OK, you caught us thinking on the job. Guilty as charged!

We’re your “Go-To Carrier” for T-listed bonds in all states. Contract, Site and Subdivision bonds up to $10,000,000.

P.S. Check out our Free CE School. We’ve added new states: 
https://fiasurety.blog/2020/08/16/free-ce/

FIA Surety, a Palomar companyhttp://www.fiasurety.com

Actual comments from our 8/1/25 FIA Surety Free CE webinar, “Work In Process Schedules – Own Them!”

• I very much enjoy the program. Especially that the viewers are able to ask questions and serious time is spent in discussing the questions and making sure the answer is given and explained
• A great program! I learn so much and it’s great hearing the comments from ppl in the industry.
• Always informative and Steve keeps it interesting and engaging. So nice to have an offering of CE credits in Surety

“Engaging…” Was the last CE class you attended engaging? People say ours are!!!

For more info and our “once and done” registration, click or go here:
 https://fiasurety.blog/2020/08/16/free-ce/

More good news: We’ve added California, Massachusetts, Arizona and Ohio to our Free CE program. Tell your colleagues to sign up!

This is a free service of your “go-to” carrier for Contract, Site, and Subdivision Bonds up to $10,000,000: FIA Surety, a Palomar company

http://www.fiasurety.com

Looking for Free CE in the wrong places? Try looking here!!!!

FIA Surety, your best bond carrier, has provided Free CE credits for years, for thousands of agents! Who knew?! Now YOU do.

Our program is accredited in 18 states. The monthly Zoom webinars are free, convenient and fun. And what about the exam? There is no exam!!!

Stop paying for boring CE when you can get free credits attending a conveneint webinar from home or office. Register once and have access to all our monthly programs. Click the link or paste into a new browser: https://fiasurety.blog/2020/08/16/free-ce/

Contract, Site and Subdivision Bonds up to $10,000,00 in all states, a “surety only” carrier for over 45 years:

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

“WE’RE THE BIGGEST!!!!!!!!!!!”

Is THAT how to choose a bonding company? Well, no.

Bonding is a people business. They make the difference. Why deal with the “300 Pound Gorilla” bonding company if the people are poorly trained, unresponsive and never flexible?

Enter FIA Surety. Actually, we entered 46 years ago. Our experienced staff knows how to get your deals done. We’re the experts: A highly successful surety only carrier. T listed, A rated, ready to serve you now. Call us with your next Contract, Site or Subdivision Surety Bond opportunity up to $10,000,000.

Our people make the difference. (It’s true!)

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

Don’t forget our Free CE prgram, now available in more states! Click or paste this link: https://fiasurety.blog/2020/08/16/free-ce/

Work In Process Schedules (WIPs) can be intimidating. But to know them is to love this essential and informative tool.

Our next Free CE 3 credit Zoom webinar is called “Work In Process (WIP) Schedules – Own Them!” which you will. It’s great stuff!

Join us on Friday August 1, 2025, 1:00 pm to 4:00 pm Eastern time. 3 credits, No exam. Attend from home or office!

More good news: We’ve added California, Massachusetts, Arizona and Ohio to our Free CE program. Tell your colleagues to sign up!

For more info and our “once and done” registration, click or go here: https://fiasurety.blog/2020/08/16/free-ce/

This is a free service of your “go-to” carrier for Contract, Site, and Subdivision Bonds up to $10,000,000: FIA Surety, a Palomar company

www.fiasurety.com

When choosing the best surety for your new client, it’s important to pick the right market. You need to know the company’s appetite before submitting the file. You save time and money, and give your client a faster response. Efficient!

FIA Surety is a “bonds only” carrier serving clients in all states. We provide T-Listed bonds and support contracts up to $10,000,000.
Here is a description of our appetite:

• We do the easy stuff. (you knew that…)
• We bond subcontractors
• Artisan contractors
• Site bonds for any of your business clients
• Subdivision bonds for homebuilders and land developers
• Remediation, hazardous, tank removal, asbestos, etc.
• Demolition
• Roofers
• Window replacement
• Site work
• Supply contracts
• Service contracts: Trash haulers, food sevice, school bus contracts
• Young companies
• Clients that want to graduate out of a fast track program (more capacity)
• We may handle poor ratios, negative numbers, net losses, prior BK, tax liens, slow pay, etc.
• No fiscal year end Review
• No CPA statement
• We also do the easy stuff! (;>D)

AND… we guarantee a same day response on all new submissions. Try us!

FIA Surety / First Indemnity of America Insurance Company, a Palomar company
2740 Rt. 10 West, Suite 205
Morris Plains, NJ 07950
Office: (888) 850-9063

www.fiasurety.com

“I know about Performance Bonds, but Subdivision Bonds… not so much.“

After the next FIA Surety Free CE webinar, you will! Here’s what you’ll learn:

• ANY of your clients could need a Site or Subdivision Bond!
• What the applicant needs to do
• How the township is involved
• Bond application process
• Get through the underwriting
• How are these bonds reduced and released
• Why they are different from a Performance and Payment bond
• Project funding is key
• The importance of Set-Aside Letters

This next monthly program is on Tuesday, July 1, 2025 from 1:00-4:00 pm eastern, “Understanding Site and Subdivision Bonds” 3 free CE credits, no exam. Attend from home or office.

More good news: We’ve added California, Massachusetts, Arizona and Ohio to our Free CE program. For more info and our “once and done” registration, click or go here: https://fiasurety.blog/2020/08/16/free-ce/

A free service of your “go-to” carrier for Contract, Site, and Subdivision Bonds up to $10,000,000: FIA Surety, a Palomar company

http://www.fiasurety.com

Here is valuable information EVERY insurance and bonding agent needs! Commercial and Miscellaneous Surety Bonds are everywhere. Any one of your clients could need one – and probably will.

Click for mood music!

Avoid the “Duh!” moment. Our FREE, 3 credit CE course won’t make you a super expert. But you will learn how to diagnose a new bond form, determine the underwriting approach and confidently get your client on track for an approval. Take our course from your home or office computer, 3 free CE credits, no exam, plus delicious snacks you provide!! 👍

Join us for the Zoom webinar on Monday, June 2, 2025, Commercial and Miscellaneous Bonds” 8:45 am to 12:10 pm Eastern time. All agency personnel are invited.

Note: We’ve recently added AZ, CA, MA and OH Click for more info.
* * * * Share this email with your colleagues * * * *
FIA Surety / First Indemnity of America Insurance Company, a Palomar company
2740 Rt. 10 West, Suite 205
Morris Plains, NJ 07950
Office: 973-541-3417
A carrier providing A rated, T listed bonds in all states!

FIA Surety knows time is money, so we guarantee a Same Day Response on all new submissions. We are your “go-to” carrier for Contract, Site, and Subdivision Bonds up to $10,000,000.

More good news: We’ve added California, Massachusetts, Arizona and Ohio to our Free CE program. Are you still PAYING for CE credits? WHY?!!

Learn about our Free CE program here. Attend from home or office, no exams.

FIA Surety, a Palomar company
http://www.fiasurety.com

Click for mood music!

California agents can stop dreaming about Free CE. It’s here!

FIA Surety, a Palomar company, is proud to announce our popular Free CE program is now accredited in the Golden State.

Our free, monthly Zoom webinars can be attended from your office or home computer. Register once and you can attend all the courses you need for your current license cycle.

SAVE MONEY! Have fun! You already know about HO-3. Take an interesting course for a change!

Learn about our Free CE program here.

FIA Surety, a Palomar company

FIA, a “surety only” carrier providing A-rated, T listed bonds up to $10,000,000: Contract, Site and Subdivision
http://www.fiasurety.com