commercial contract surety bonds
TRANSCRIPT
Commercial contract surety bondsSOLUTIONS FOR ALL YOUR CLIENTS’ NEEDS
All types of commercial accounts need contract bonds
Commercial contract bonds are performance bonds in which the surety (Travelers) guarantees to the obligee (usually a public entity such as federal, state or local government or a private owner) that the principal (client) will perform its contractual obligations per the agreed upon terms and conditions in the underlying contract.
Most people think of construction (sticks and bricks) when contract bonds are mentioned, however, all types of commercial accounts need contract bonds. We classify these businesses as commercial contractors. The most common commercial contractors are supply contractors such as manufacturers, wholesalers or retailers who enter into contracts to supply and/or install specific products, or service contractors whose primary business is to perform specific services for another entity.
Benefit of offering commercial contract surety bonds
By addressing your client’s bonding needs, you are not only providing a valuable product and service, but are also protecting your client relationship in a very competitive environment. You don’t need to be a surety expert to assist them because our knowledgeable and experienced underwriters will help you through the entire underwriting process!
The Travelers advantage
It can be difficult to find a surety that understands the unique structures of commercial contractors, the complex and various contract provisions, the diverse industries and the different financial statements involved. Our commercial contract underwriters write bonds for clients that traditional construction contract underwriters often turn away.
• We understand the needs of middle market and smaller companies, and we can provide substantial capacity for large commercial accounts.
• We have a dedicated commercial surety business segment that specializes in bonds for non-construction clients.
• We have locations nationwide to assist in bond execution and procurement of bond forms, and we are experienced in the placement of international bonds.
• Our rating plan provides well-managed accounts with competitive rates based on their credit quality, not solely on the size of their balance sheet.
• Our dedicated claim managers are recognized as the best in the industry and work directly with you and your customers.
• Top rating agencies have consistently provided our primary underwriting company, Travelers Casualty and Surety Company of America, with high marks for financial strength.
Commercial contract bonds are a critical component of your client’s total insurance program.
travelers.com/commercialsurety
Travelers Casualty and Surety Company of America and its property casualty affiliates. One Tower Square, Hartford, CT 06183
This material does not amend, or otherwise affect, the provisions or coverages of any insurance policy or bond issued by Travelers. It is not a representation that coverage does or does not exist for any particular claim or loss under any such policy or bond. Coverage depends on the facts and circumstances involved in the claim or loss, all applicable policy or bond provisions, and any applicable law. Availability of coverage referenced in this document can depend on underwriting qualifications and state regulations.
© 2013 The Travelers Indemnity Company. All rights reserved. Travelers and the Travelers Umbrella logo are registered trademarks of The Travelers Indemnity Company in the U.S. and other countries. 59373 Rev. 9-13
Types of contract surety bonds
Bid bond
Affords protection to the obligee in the event the successful bidder does not enter into a contract and does not provide the required surety bonds or other security.
Litigation bond
Protects the obligee if an unsuccessful bidder files suit against the obligee challenging the award of the contract. If the challenger does not prevail and it is found the lawsuit was frivolous, brought in bad faith or on unreasonable grounds, the obligee may recover damages and expenses resulting from the suit.
Maintenance bond
Maintenance bonds for commercial contractors may either guarantee the ongoing servicing of equipment or facilities during the duration of a contract, or may guarantee against defective workmanship or materials.
Performance bond
Provides protection to the obligee if the principal defaults on its obligations under the bonded contract.
Payment bond
Guarantees that the principal will pay their subcontractors, labor and material costs associated with a bonded contract.
Supply bond
Guarantees performance by the principal to furnish equipment, supplies or materials to the obligee.
Airport retailersAudio visualCollege bookstoresConcrete suppliersEducational servicesElevator maintenanceFacilities managementFood suppliersFuel oil suppliersGuard and securityHighway assistance
IT contractorsJanitorial servicesLaundry servicesManufacturersMilitary suppliersMoving servicesOffice supply servicesParking servicesPrinting servicesSchool bus transportersSolar equipment manufacturers
Steel suppliersTemporary personnelTowing servicesTransportation servicesTrash hauling and recyclingTree trimming servicesUniform suppliersWindow cleaning... and many others
Who needs commercial contract bonds?
Helping your clients
Many large companies today want to self-insure their workers’ compensation programs, for a wide variety of reasons. Companies that choose this option must post security in order to comply with state laws. This is for the protection and benefit of their employees, as the security is ensuring that the company is financially sound enough to self-insure.
Travelers Self-Insured Workers Compensation Bond
A self-insured workers compensation bond is a long-term financial guarantee that helps a company satisfy state law. The state (or a state agency) is typically the Obligee but the bond is for the benefit of the employer’s injured workers. It guarantees that the principal on the bond will pay workers compensation benefits to any employee who may become injured.
Market opportunity
Any company that chooses to self-insure for its workers’ compensation programs is a potential client.
Top industries include:
SELF-INSURED WORKERS COMPENSATION BONDS
Healthcare
Universities
Hospitals
Manufacturing companies
Retail chains
Trucking/Logistics companies
Fortune 1000 companies
travelers.com
Travelers Casualty and Surety Company of America and its property casualty affiliates. One Tower Square, Hartford, CT 06183
This material does not amend, or otherwise affect, the provisions or coverages of any insurance policy or bond issued by Travelers. It is not a representation that coverage does or does not exist for any particular claim or loss under any such policy or bond. Coverage depends on the facts and circumstances involved in the claim or loss, all ap-plicable policy or bond provisions, and any applicable law. Availability of coverage referenced in this document can depend on underwriting qualifications and state regulations.
© 2016 The Travelers Indemnity Company. All rights reserved. Travelers and the Travelers Umbrella logo are registered trademarks of The Travelers Indemnity Company in the U.S. and other countries. CP-9113 New 11-16
Benefits of the bond
As bank pricing can be volatile and expensive, a surety bond is a great alternative to other security options, such as a letter of credit. A Letter of Credit can tie up a company’s credit capacity, thus reducing financial flexibility. Surety bonds are generally not charged against a company’s credit line, which gives the company the option to reinvest the capital into its own business.
A bond can also replace cash collateral, trust agreements and escrow deposits.
Travelers can help
Travelers has consistently written self-insured compensation bonds, and we have a team of underwriters dedicated to the self-insured workers’ compensation bond market. Because of this, we can help you identify prospects and opportunities in your market to help you grow your business.
Backed by Travelers
For over 100 years, Travelers has been a leader in the surety industry. We have over 50 locations throughout North America, staffed with dedicated underwriters and surety claim professionals.
– Largest writer of surety bonds in North America– Combined Treasury listing in excess of $1.5 billion; the largest in the surety industry– A.M. Best* rating of A++ (superior) for financial strength
Travelers knows surety bonds
We pride ourselves on maintaining trusted relationships with our agencies.
*A.M. Best’s rating of A++ applies to certain insurance subsidiaries that are members of the Travelers Insurance Companies pool; other subsidiaries are included in another rating pool or are separately rated. For a listing of companies rated by A.M. Best and other rating services, visit travelers.com. Ratings listed herein are as current, are used with permission, and are subject to changes by the rating services. For the latest rating, access ambest.com.
Questions? Talk with your underwriter.
First/Last Name:
Address One:
Address Two:
City, State, Zip:
Phone:
Fax :
Protecting your employees
A crucial component of any business are the employees that make up the company. Successful businesses start with good employees.
When reviewing options for setting up a workers compensation program, many companies choose to self-insure. Companies that choose to do so are generally required to post security in each state where they self insured. Travelers can help.
Self-Insured Workers Compensation Bond
What is it?
A self-insured workers compensation bond is a long-term financial guarantee that helps your company satisfy state laws when choosing to self-insure your workers compensation program.
How does it work?
The bond is for the benefit of your injured employees. It guarantees that you (the principal on the bond) will pay workers compensation benefits to any employee who may become injured.
Who needs it?
Any company that chooses to self-insure for its workers compensation programs.
SELF-INSURING YOUR WORKERS COMPENSATION PROGRAMS
travelersbond.com
Travelers Casualty and Surety Company of America and its property casualty affiliates. One Tower Square, Hartford, CT 06183
This material does not amend, or otherwise affect, the provisions or coverages of any insurance policy or bond issued by Travelers. It is not a representation that coverage does or does not exist for any particular claim or loss under any such policy or bond. Coverage depends on the facts and circumstances involved in the claim or loss,all applicable policy or bond provisions, and any applicable law. Availability of coverage referenced in this document can depend on underwriting qualifications and state regulations.
© 2016 The Travelers Indemnity Company. All rights reserved. Travelers and the Travelers Umbrella logo are registered trademarks of The Travelers Indemnity Company in the U.S. and other countries. CP-9112 New 11-16
Free up funds
Other alternatives, such as a letter of credit, tie up your company’s credit capacity, thus reducing financial flexibility. Surety bonds are not charged against your company’s credit line, which gives you the option to reinvest the capital into your business.
A bond can also replace cash collateral, trust agreements and escrow deposits.
Travelers can help
When you choose a surety bond from Travelers, you are buying more than a piece of paper. Travelers has a team behind you – from surety product experts to dedicated claim professionals. Should a dispute arise, Travelers will help resolve it fairly and swiftly.
Founded in 1853, Travelers has been a leader in providing a variety of surety bonds and insurance products for more than 100 years. Travelers is there when our customers need us.
Travelers knows surety bonds.
Questions? Talk with your agent.
First/Last Name (agent):
Address One:
Address Two:
City, State, Zip:
Phone:
Fax :
License and permit bonds
License and permit bonds are required of individuals or businesses that coincide with the license or permit they are about to obtain from either local or state government entities. These bonds guarantee the principal will remain in compliance with the regulations and ordinances related to the license or permit and hold the obligee harmless from any incurred damages. Some common types include:
• Auctioneers
• Contractors
• Insurance brokers
• Liquor/beer
• Mortgage brokers
Lost instrument bonds
A lost instrument bond is required when someone loses a redeemable item of value, such as a share of stock, certificate of deposit, promissory note or deed of trust. The bond guarantees the principal will protect the obligee (usually a bank or transfer agent) from any loss or expense suffered as a result of the issuance of a duplicate instrument. Lost instrument bonds can have either an open or fixed penalty and are most often needed by:
• Any company that loses a stock certificate, mortgage note, etc.
• Banks
• Brokerage firms
Notary bonds
Most states require that a Notary, or an individual who has applied for appointment as a Notary, purchase a Notary bond to protect the public from negligent mistakes or dishonest acts by the Notary. Typically, the bond guarantees that the Notary will truly and faithfully perform and discharge all the duties of the office of Notary Public according to the law. The bond form also guarantees payment to all parties for monetary damages suffered as a result of any failure by the Notary applicant to discharge their duties as a Notary.
While a Notary bond protects the public, errors and omissions coverage protects the Notary. Errors and Omissions (E&O) insurance provides protection in the event the Notary commits a negligent act or makes an error or omission while acting as a Notary. If this error or omission causes a loss to the public and the Notary is legally obligated to pay for that loss, E&O coverage responds.
Court bonds
Court bonds are required of principals who are either appointed to act in a fiduciary capacity (probate/fiduciary) or involved as a litigant in a lawsuit seeking a right or remedy in advance of a final court decision (litigant/judicial). Only through the court can these bonds be released.
Probate/fiduciary bonds
Probate/fiduciary bonds are required by law to guarantee an honest accounting and faithful performance of the duties of the fiduciary and compliance with the orders of the probate court. A fiduciary is a person, bank or trust company appointed by a court order to administer the estate or property of another person who is unable to manage his or her own affairs. We specialize in the following probate bonds:
• Administrator/executor
• Guardian of minor/conservator/curator
• Trustee
Litigant/judicial court bonds
Litigant/judicial court bonds are required when a litigant seeks a special right or remedy in advance of a final court decision. These bonds protect litigants from loss in the event the final decision is adverse to their interests. We specialize in the following litigant/ judicial court bonds for plaintiffs only:
• Attachment
• Cost
• Indemnity to sheriff
• Injunction
It’s that simple. Bond Express streamlines the way you do business!
BOND EXPRESS
Surety bonds overview
• Motor vehicle dealers
• Oversize/overweight
• Private detectives
• Surplus lines brokers
• Toll payment
• Individuals
• Transfer agents
• Receiver
• Replevin
• Temporary restraining order
• Trustee in bankruptcy
travelers.com/bondexpress
Travelers Casualty and Surety Company of America and its property casualty affiliates. One Tower Square, Hartford, CT 06183
This material does not amend, or otherwise affect, the provisions or coverages of any insurance policy or bond issued by Travelers. It is not a representation that coverage does or does not exist for any particular claim or loss under any such policy or bond. Coverage depends on the facts and circumstances involved in the claim or loss, all applicable policy or bond provisions, and any applicable law. Availability of coverage referenced in this document can depend on underwriting qualifications and state regulations.
© 2013 The Travelers Indemnity Company. All rights reserved. Travelers and the Travelers Umbrella logo are registered trademarks of The Travelers Indemnity Company in the U.S. and other countries. BO-530pro Rev. 10-13
Public official bonds
Public official bonds are surety bonds that guarantee a public official will perform the duties of office faithfully and honestly and, in most cases, a surety bond is required in order to hold office. While these duties may vary by position and applicable law, a public official is obligated to act in the public’s best interest at all times and will be held personally accountable, with few exceptions, for the duties and responsibilities of that position.
Public official bonds are required by:• Court offices and federal government
• Sheriff departments
• States, cities, towns, villages and municipalities
• State colleges, universities, and school districts
Public officials that may require surety bonds:• Judges and court clerks
• Postal units
• Sheriffs, deputies and constables
• Tax collectors and subordinates*
• Town supervisors
• Treasurers and subordinates*
We also write:• Blanket fidelity coverage for all public employees who do not
require statutory surety bonds*
• Special issue bonds*
*For these bonds, other money handlers, and bonds in excess of $50,000, please contact your Private and Nonprofit field representative.
Why place your surety bonds with Bond Express?
We guarantee fast turnaround on all new business requests and make the process of writing business with Bond Express a positive experience for you and your customers. You can be assured that the team of underwriters and claim representatives assigned to your agency are relationship driven and will understand the unique business needs of your geographic territory.
Our primary underwriting company, Travelers Casualty and Surety Company of America, consistently receives high ratings by independent rating services, including A.M. Best, Moody’s and Standard & Poor’s for financial strength and claims-paying ability.
We offer:
• Discounted multi-year prepaid premiums
• Both direct bill and agency bill options
• Executed renewal bonds and riders for your agency
• Rate charts, bond forms and applications conveniently available online at travelersbond.com
• Power of Attorney to assist with the simple execution of bonds from your office. (If you do not have Travelers Powers and Seals, please contact your local field office.)
• No application required for certain obligations. (Please consult the applicable state rate chart for specific underwriting guidelines.)
Contact Travelers Bond Express: 770 Pennsylvania Drive, Suite 110, Exton, PA 19341 Phone: 800.873.1477; Fax: 866.785.2463 E-mail: [email protected]
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TRAVELERS BOND EXPRESS 770 PENNSYLVANIA DRIVE, SUITE 110, EXTON, PA 19341
PHONE: (800) 873-1477 TOLL FREE FAX: (866) 785-2463
www.travelersbond.com
FL
FLORIDA RATESAs of May 07, 2020 02:50 PM EST
This rate chart supersedes and cancels any and all previous rate charts issued to you by Travelers Bond Express.
LICENSE AND PERMIT BONDS SUBMIT ALL LICENSE AND PERMIT BONDS IN EXCESS OF $50,000 (SINGLE/AGGREGATE) REGARDLESS OF UW GUIDE
MINIMUM PREMIUM $100.00 (unless otherwise indicated below)
PREPAID DISCOUNT If premium is paid for two or more years in advance, discount second and subsequent years' premium by 25%.
SLIDE Indicates that sliding rate scales exist and at which limit they begin.
PRICING Final pricing for bonds outside your authority will be determined by Bond Express.
Please contact your local surety representative for Principals/Accounts located outside the United States.
UNDERWRITING GUIDELINES AUTHORITY PROVIDED FOR THE FOLLOWING:
1 WRITE FREELY - No Application necessary.
2 WRITE FREELY - Complete pertinent section of Application.
3 & 4 WRITE FREELY - Complete pertinent section of Application and signatures preferred.
5 & 6 SUBMIT APPLICATION - Complete pertinent section, obtain signatures and submit to Company for u underwriting and credit review.
7 & 8 SUBMIT APPLICATION/FINANCIALS - Complete pertinent section, obtain signatures and submit to Company with financial statements for review.
9 & 10 CONTACT COMPANY - Contact Company for specific underwriting guidelines.
State Compliance Minimum Premium = $100.00
TRAVELERS CLICK®
ELIGIBLETYPE OF BOND LIMIT
UW GUIDE
RATE PER $1,000
COMMENTS
✔ Agricultural Products Dealer Bond up to $25,000 3 $10.00
✔ Agricultural Products Dealer Bond over $25,000 5 $10.00
✔
Alcoholic Beverages Tax Bond up to $25,000 3 $12.00 slide Limits over $25,000.00 have a sliding rate scale. The price may be found in Click by using the Price Indication feature, or contact Bond Express for additional pricing.
✔
Alcoholic Beverages Tax Bond from $25,001 to $50,000 5 $12.00 slide Limits over $25,000.00 have a sliding rate scale. The price may be found in Click by using the Price Indication feature, or contact Bond Express for additional pricing.
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TRAVELERS CLICK®
ELIGIBLETYPE OF BOND LIMIT
UW GUIDE
RATE PER $1,000
COMMENTS
✔
Alcoholic Beverages Tax Bond over $50,000 7 $12.00 slide Limits over $25,000.00 have a sliding rate scale. The price may be found in Click by using the Price Indication feature, or contact Bond Express for additional pricing.
✔ Boxing Promoter Bond $15,000 6 $10.00
✔
Brewer's Bond Varies 4 $12.00 slide Limits over $25,000.00 have a sliding rate scale. The price may be found in Click by using the Price Indication feature, or contact Bond Express for additional pricing.
✔ Cable Franchise Bond Varies 3 $5.00
✔ Certificate of Title Bond up to $25,000 3 $15.00
✔ Certificate of Title Bond over $25,000 5 $15.00
✔
Cigarettes Tax Bond up to $10,000 3 $12.00 slide Limits over $25,000.00 have a sliding rate scale. The price may be found in Click by using the Price Indication feature, or contact Bond Express for additional pricing.
✔
Cigarettes Tax Bond over $10,000 7 $12.00 slide Limits over $25,000.00 have a sliding rate scale. The price may be found in Click by using the Price Indication feature, or contact Bond Express for additional pricing.
✔ Citrus Fruit Dealer Bond up to $25,000 3 $10.00
✔ Citrus Fruit Dealer Bond over $25,000 5 $10.00
✔ Citrus Fruit Dealer Bond - Excise Taxes up to $25,000 3 $10.00
✔ Citrus Fruit Dealer Bond - Excise Taxes from $25,001 to $50,000 5 $10.00
✔ Citrus Fruit Dealer Bond - Excise Taxes over $50,000 7 $10.00
✔ Citrus Fruit Dealer Bond - Inspection Fees Varies 3 $10.00
✔ City of Anna Maria - Right of Way Bond $25,000 4 $10.00
✔ City of Auburndale - Contractor Bond $5,000 1 $5.00
✔ City of Cape Coral - Contractor License Bond $25,000 3 $10.00
✔City of Fort Lauderdale - Right of Way Performance Bond
up to $25,000 3 $10.00
✔City of Fort Lauderdale - Right of Way Performance Bond
from $25,001 to $50,000 5 $10.00
✔City of Fort Lauderdale - Right of Way Performance Bond
over $50,000 7 $10.00
✔ City of Fort Myers - Right of Way Permit Bond up to $25,000 2 $10.00
✔ City of Fort Myers - Right of Way Permit Bond from $25,001 to $50,000 5 $10.00
✔ City of Fort Myers - Right of Way Permit Bond over $50,000 7 $10.00
✔ City of Jacksonville - Right-of-Way Bond $5,000 1 $10.00
✔ City of Jacksonville - Sign Bond $5,000 1 $5.00
✔ City of Jacksonville Beach - Right Of Way Bond $1,500 1 $10.00
✔ City of Kissimmee - Contractor Bond $5,000 1 $5.00
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TRAVELERS CLICK®
ELIGIBLETYPE OF BOND LIMIT
UW GUIDE
RATE PER $1,000
COMMENTS
✔City of Maitland - Electrical/Plumbing & other Contractors
$1,000 4 $5.00
✔City of Maitland - General, Pool, Sign, and Roofing Bond
$5,000 4 $5.00
✔ City of Miramar - Right of Way Bond up to $25,000 3 $20.00
✔ City of Miramar - Right of Way Bond over $25,000 5 $20.00
✔City of Miramar - Utility Work in Right of Way Bond
up to $25,000 3 $20.00
✔City of Miramar - Utility Work in Right of Way Bond
over $25,000 5 $20.00
✔ City of Orlando - Contractor Bond up to $10,000 1 $5.00
✔ City of Orlando - Contractor Bond from $10,001 to $25,000 3 $5.00
✔ City of Orlando - Contractor Bond over $25,000 5 $5.00
✔ City of Panama City Beach - Contractor Bond $5,000 1 $5.00
✔ City of Sanford - Contractor Bond ($2,000) $2,000 1 $5.00
✔ City of Winter Haven - Contractor Bond $10,000 1 $5.00
✔City of Winter Park - Trade Contractor's Surety Bond
$5,000 1 $5.00
✔ Collection Agency Bond $50,000 5 $10.00
✔ Construction Materials Mining Company Bond $100,000 6 $10.00
✔
Continuing Transportation Bond up to $25,000 3 $12.00 slide Limits over $25,000.00 have a sliding rate scale. The price may be found in Click by using the Price Indication feature, or contact Bond Express for additional pricing.
✔
Continuing Transportation Bond from $25,001 to $50,000 5 $12.00 slide Limits over $25,000.00 have a sliding rate scale. The price may be found in Click by using the Price Indication feature, or contact Bond Express for additional pricing.
✔
Continuing Transportation Bond over $50,000 7 $12.00 slide Limits over $25,000.00 have a sliding rate scale. The price may be found in Click by using the Price Indication feature, or contact Bond Express for additional pricing.
✔ Contractor's Sales or Use Tax Bond up to $25,000 5 $20.00
✔ Contractor's Sales or Use Tax Bond over $25,000 7 $20.00
✔County of Escambia - Road Restoration Blanket Bond
$10,000 3 $10.00
✔County of Lee - Right of Way Single Permit Bond
up to $25,000 3 $10.00
✔County of Lee - Right of Way Single Permit Bond
from $25,001 to $50,000 5 $10.00
✔County of Lee - Right of Way Single Permit Bond
over $50,000 7 $10.00
✔ County of Nassau - Contractor License Bond $2,000 1 $5.00
✔ County of Sarasota - Right-of-Way Use Bond $15,000 5 $5.00
✔County of Sarasota - Vending in Right-of-Way Use Bond
$5,000 4 $5.00
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TRAVELERS CLICK®
ELIGIBLETYPE OF BOND LIMIT
UW GUIDE
RATE PER $1,000
COMMENTS
✔
Distilled Spirits Bond Varies 4 $12.00 slide Limits over $25,000.00 have a sliding rate scale. The price may be found in Click by using the Price Indication feature, or contact Bond Express for additional pricing.
✔ Fireworks License & Permit Bond Varies 5 $10.00
✔
Fuel Bond up to $25,000 3 $5.00 slide Limits over $10,000.00 have a sliding rate scale. The price may be found in Click by using the Price Indication feature, or contact Bond Express for additional pricing.
✔
Fuel Bond from $25,001 to $50,000 5 $5.00 slide Limits over $10,000.00 have a sliding rate scale. The price may be found in Click by using the Price Indication feature, or contact Bond Express for additional pricing.
✔
Fuel Bond over $50,000 7 $5.00 slide Limits over $10,000.00 have a sliding rate scale. The price may be found in Click by using the Price Indication feature, or contact Bond Express for additional pricing.
✔
Fuel Tax Bond up to $25,000 3 $10.00 slide Limits over $10,000.00 have a sliding rate scale. The price may be found in Click by using the Price Indication feature, or contact Bond Express for additional pricing.
✔
Fuel Tax Bond from $25,001 to $100,000 5 $10.00 slide Limits over $10,000.00 have a sliding rate scale. The price may be found in Click by using the Price Indication feature, or contact Bond Express for additional pricing.
✔
Fuel Tax Bond from $100,001 to $250,000
7 $10.00 slide Limits over $10,000.00 have a sliding rate scale. The price may be found in Click by using the Price Indication feature, or contact Bond Express for additional pricing.
✔
Fuel Tax Bond over $250,000 8 $10.00 slide Limits over $10,000.00 have a sliding rate scale. The price may be found in Click by using the Price Indication feature, or contact Bond Express for additional pricing.
✔ Health Studio Bond $25,000 6 $10.00
✔ Hillsborough County - Contractor's Bond $5,000 1 $5.00
✔ Insurance Premium Finance Company Bond $35,000 5 $10.00
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TRAVELERS CLICK®
ELIGIBLETYPE OF BOND LIMIT
UW GUIDE
RATE PER $1,000
COMMENTS
✔ Lake County - Contractor's Bond $5,000 1 $5.00
✔ License or Permit Bond - Continuous Varies 2 $5.00
✔ License or Permit Bond - Definite Term Varies 2 $5.00
✔ License or Permit Bond - Term (No Renewal) Varies 2 $5.00
✔
Livestock Market Agencies or Dealers Bond Varies 7 $10.00 slide Limits over $10,000.00 have a sliding rate scale. The price may be found in Click by using the Price Indication feature, or contact Bond Express for additional pricing.
✔
Livestock Packers Bond Varies 7 $20.00 slide Limits over $50,000.00 have a sliding rate scale. The price may be found in Click by using the Price Indication feature, or contact Bond Express for additional pricing.
✔
Money Services Business Bond up to $100,000 8 $20.00 slide Limits over $50,000.00 have a sliding rate scale. The price may be found in Click by using the Price Indication feature, or contact Bond Express for additional pricing.
✔
Money Services Business Bond over $100,000 9 $20.00 slide Limits over $50,000.00 have a sliding rate scale. The price may be found in Click by using the Price Indication feature, or contact Bond Express for additional pricing.
✔ National Marine Fisheries Inspection Bond up to $25,000 3 $10.00
✔ National Marine Fisheries Inspection Bond from $25,001 to $50,000 5 $10.00
✔ National Marine Fisheries Inspection Bond over $50,000 7 $10.00
✔ Nonprofit Budget & Credit Counseling Bond up to $25,000 3 $15.00
✔ Nonprofit Budget & Credit Counseling Bond over $25,000 5 $15.00
✔Orange County - Contractor's Performance Bond
$5,000 3 $10.00
✔ Osceola County - Contractor's Bond $5,000 1 $5.00
✔ Palm Beach County - Contractor Bond $2,000 1 $5.00
✔ Pari-Mutuel Wagering Bond $50,000 6 $10.00
✔ Pasco County - Contractor Bond $5,000 1 $5.00
✔ Pawnbroker Bond $10,000 5 $10.00
✔ Polk County - Contractor Bond $5,000 1 $5.00
✔ Private Educational Institution Bond Varies 7 $10.00
✔ Professional Solicitor Bond $50,000 5 $15.00
✔ Public Adjuster's Bond $50,000 5 $10.00
✔Right of Way/Highway/Encroachment - Blanket (Continuous)
Varies 2 $10.00
✔Right of Way/Highway/Encroachment - Blanket (Definite)
Varies 2 $10.00
✔Right of Way/Highway/Encroachment - Blanket (Term)
Varies 2 $10.00
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TRAVELERS CLICK®
ELIGIBLETYPE OF BOND LIMIT
UW GUIDE
RATE PER $1,000
COMMENTS
✔Right of Way/Highway/Encroachment – Single Job (Continuous)
Varies 2 $10.00
✔Right of Way/Highway/Encroachment – Single Job (Definite)
Varies 2 $10.00
✔Right of Way/Highway/Encroachment – Single Job (Term)
Varies 2 $10.00
✔ SAG-AFTRA Franchised Talent Agency Bond Varies 5 $10.00
✔ Seller of Travel Bond Varies 7 $10.00
✔ Talent Agency License Bond $5,000 3 $10.00
✔ Telemarketing Bond $50,000 5 $10.00
✔ Title Agency Bond $35,000 5 $10.00
✔
Tobacco Products Tax Bond up to $10,000 3 $12.00 slide Limits over $25,000.00 have a sliding rate scale. The price may be found in Click by using the Price Indication feature, or contact Bond Express for additional pricing.
✔
Tobacco Products Tax Bond over $10,000 7 $12.00 slide Limits over $25,000.00 have a sliding rate scale. The price may be found in Click by using the Price Indication feature, or contact Bond Express for additional pricing.
✔ Venomous Reptile Bond $10,000 4 $10.00
✔
Wine Bond Varies 4 $12.00 slide Limits over $25,000.00 have a sliding rate scale. The price may be found in Click by using the Price Indication feature, or contact Bond Express for additional pricing.
✔ Yacht and Ship Brokers' Bond $25,000 7 $10.00
✔ Yacht and Ship Salesperson Bond $10,000 4 $10.00
Page 7 of 17S-8915-1115
MISCELLANEOUS BONDSSUBMIT ALL MISCELLANEOUS BONDS IN EXCESS OF $50,000 (SINGLE/AGGREGATE) FOR UNDERWRITING APPROVAL
MINIMUM PREMIUM $100.00 (unless otherwise indicated below)
PREPAID DISCOUNT If premium is paid for two or more years in advance, discount second and subsequent years' premium by 25%.
SLIDE Indicates that sliding rate scales exist and at which limit they begin.
PRICING Final pricing for bonds outside your authority will be determined by Bond Express.
Please contact your local surety representative for Principals/Accounts located outside the United States.
UNDERWRITING GUIDELINES AUTHORITY PROVIDED FOR THE FOLLOWING:
1 WRITE FREELY - No Application necessary.
2 WRITE FREELY - Complete pertinent section of Application.
3 & 4 WRITE FREELY - Complete pertinent section of Application and signatures preferred.
5 & 6 SUBMIT APPLICATION - Complete pertinent section, obtain signatures and submit to Company for u underwriting and credit review.
7 & 8 SUBMIT APPLICATION/FINANCIALS - Complete pertinent section, obtain signatures and submit to Company with financial statements for review.
9 & 10 CONTACT COMPANY - Contact Company for specific underwriting guidelines.
TRAVELERS CLICK®
ELIGIBLETYPE OF BOND LIMIT
UW GUIDE
RATE PER $1,000
COMMENTS
✔ BESTPASS, Inc. - Toll Payment Bond up to $25,000 3 $20.00
✔ BESTPASS, Inc. - Toll Payment Bond from $25,001 to $50,000 5 $20.00
✔ BESTPASS, Inc. - Toll Payment Bond over $50,000 7 $20.00
✔Bond for Safekeeping of Government Property (ROTC)
up to $25,000 4 $4.00
✔Bond for Safekeeping of Government Property (ROTC)
over $25,000 7 $4.00
✔
Business Services Bond Varies 1 Varies See "Business Services Annual Premium" at end of Miscellaneous section for specific rate information.
✔ Cable Pole Attachment Bond up to $50,000 3 $10.00
✔ Cable Pole Attachment Bond from $50,001 to $75,000 5 $10.00
✔ Cable Pole Attachment Bond over $75,000 7 $10.00
✔ City of Jacksonville - Waste Tire Disposal Bond $25,000 7 $20.00
✔ Game Promotion Bond up to $50,000 3 $20.00
✔ Game Promotion Bond from $50,001 to $100,000 5 $20.00
✔Game Promotion Bond from $100,001 to
$250,0007 $20.00
✔ Game Promotion Bond over $250,000 8 $20.00
✔Lost Instrument/Securities - Fixed Penalty (Corporation)
up to $50,000 3 $10.00
✔Lost Instrument/Securities - Fixed Penalty (Corporation)
from $50,001 to $100,000 5 $10.00
✔Lost Instrument/Securities - Fixed Penalty (Corporation)
over $100,000 7 $10.00
Page 8 of 17S-8915-1115
TRAVELERS CLICK®
ELIGIBLETYPE OF BOND LIMIT
UW GUIDE
RATE PER $1,000
COMMENTS
✔Lost Instrument/Securities Bond - Fixed Penalty (Individual)
up to $50,000 3 $20.00
✔Lost Instrument/Securities Bond - Fixed Penalty (Individual)
from $50,001 to $100,000 5 $20.00
✔Lost Instrument/Securities Bond - Fixed Penalty (Individual)
over $100,000 7 $20.00
✔Lost Instrument/Securities Bond - Open Penalty (Corporation)
up to $50,000 3 $10.00
✔Lost Instrument/Securities Bond - Open Penalty (Corporation)
from $50,001 to $100,000 5 $10.00
✔Lost Instrument/Securities Bond - Open Penalty (Corporation)
over $100,000 7 $10.00
✔Lost Instrument/Securities Bond - Open Penalty (Individual)
up to $50,000 3 $20.00
✔Lost Instrument/Securities Bond - Open Penalty (Individual)
from $50,001 to $100,000 5 $20.00
✔Lost Instrument/Securities Bond - Open Penalty (Individual)
over $100,000 7 $20.00
✔ Nursing Home Patient Trust Funds Bond up to $25,000 3 $10.00
✔ Nursing Home Patient Trust Funds Bond from $25,001 to $50,000 5 $10.00
✔ Nursing Home Patient Trust Funds Bond over $50,000 7 $10.00
✔ PrePass / HELP Inc. - Financial Guarantee Bond up to $25,000 3 $20.00
✔ PrePass / HELP Inc. - Financial Guarantee Bond from $25,001 to $50,000 5 $20.00
✔ PrePass / HELP Inc. - Financial Guarantee Bond over $50,000 7 $20.00
✔ Tower Removal Bond Varies 4 $10.00
✔ U.S. Bankruptcy Court Auctioneer's Bond up to $50,000 3 $5.00
✔ U.S. Bankruptcy Court Auctioneer's Bond from $50,001 to $100,000 5 $5.00
✔ U.S. Bankruptcy Court Auctioneer's Bond over $100,000 7 $5.00
Business Services Bond Annual Premium
Number of Employees* Limit*
$2,500 $5,000 $10,000 $25,000 $50,000 $100,0001 $100 $100 $112 $160 $232 $312
2 $100 $100 $112 $160 $232 $312
3 $100 $100 $112 $160 $232 $312
4 $100 $100 $112 $160 $232 $312
5 $100 $100 $112 $160 $232 $312
6 $100 $100 $120 $172 $249 $335
7 $100 $100 $129 $184 $267 $359
8 $100 $100 $137 $196 $284 $382
9 $100 $104 $146 $208 $302 $406
10 $100 $110 $154 $220 $319 $429
11 $100 $116 $162 $232 $336 $452
12 $100 $122 $171 $244 $354 $476
13 $102 $128 $179 $256 $371 $499
14 $107 $134 $188 $268 $389 $523
15 $112 $140 $196 $280 $406 $546
16 $117 $146 $204 $292 $423 $569
17 $122 $152 $213 $304 $441 $593
Page 9 of 17S-8915-1115
$2,500 $5,000 $10,000 $25,000 $50,000 $100,00018 $126 $158 $221 $316 $458 $616
19 $131 $164 $230 $328 $476 $640
20 $136 $170 $238 $340 $493 $663
21 $141 $176 $246 $352 $510 $686
22 $146 $182 $255 $364 $528 $710
23 $150 $188 $263 $376 $545 $733
24 $155 $194 $272 $388 $563 $757
25 $160 $200 $280 $400 $580 $780
26 $165 $206 $288 $412 $597 $803
27 $170 $212 $297 $424 $615 $827
28 $174 $218 $305 $436 $632 $850
29 $179 $224 $314 $448 $650 $874
30 $184 $230 $322 $460 $667 $897
31 $189 $236 $330 $472 $684 $920
32 $194 $242 $339 $484 $702 $944
33 $198 $248 $347 $496 $719 $967
34 $203 $254 $356 $508 $737 $991
35 $208 $260 $364 $520 $754 $1,014
36 $213 $266 $372 $532 $771 $1,037
37 $218 $272 $381 $544 $789 $1,061
38 $222 $278 $389 $556 $806 $1,084
39 $227 $284 $398 $568 $824 $1,108
40 $232 $290 $406 $580 $841 $1,131
41 $237 $296 $414 $592 $858 $1,154
42 $242 $302 $423 $604 $876 $1,178
43 $246 $308 $431 $616 $893 $1,201
44 $251 $314 $440 $628 $911 $1,225
45 $256 $320 $448 $640 $928 $1,248
46 $261 $326 $456 $652 $945 $1,271
47 $266 $332 $465 $664 $963 $1,295
48 $270 $338 $473 $676 $980 $1,318
49 $275 $344 $482 $688 $998 $1,342
50 $280 $350 $490 $700 $1,015 $1,365
* Please contact your Underwriter for Applicants whose needs are greater than $100,000, or for businesses with more than 50 employees.
Page 10 of 17S-8915-1115
FEDERAL BONDSSUBMIT ALL FEDERAL BONDS IN EXCESS OF $50,000 (SINGLE/AGGREGATE) FOR UNDERWRITING APPROVAL
MINIMUM PREMIUM $100.00 (unless otherwise indicated below)
PREPAID DISCOUNT If premium is paid for two or more years in advance, discount second and subsequent years' premium by 25%.
SLIDE Indicates that sliding rate scales exist and at which limit they begin.
PRICING Final pricing for bonds outside your authority will be determined by Bond Express.
Please contact your local surety representative for Principals/Accounts located outside the United States.
UNDERWRITING GUIDELINES AUTHORITY PROVIDED FOR THE FOLLOWING:
1 WRITE FREELY - No Application necessary.
2 WRITE FREELY - Complete pertinent section of Application.
3 & 4 WRITE FREELY - Complete pertinent section of Application and signatures preferred.
5 & 6 SUBMIT APPLICATION - Complete pertinent section, obtain signatures and submit to Company for u underwriting and credit review.
7 & 8 SUBMIT APPLICATION/FINANCIALS - Complete pertinent section, obtain signatures and submit to Company with financial statements for review.
9 & 10 CONTACT COMPANY - Contact Company for specific underwriting guidelines.
TRAVELERS CLICK®
ELIGIBLETYPE OF BOND LIMIT
UW GUIDE
RATE PER $1,000
COMMENTS
✔
Brewer's Bond Varies 4 $12.00 slide Limits over $25,000.00 have a sliding rate scale. The price may be found in Click by using the Price Indication feature, or con-tact Bond Express for addi-tional pricing.
✔
Continuing Transportation Bond up to $25,000 3 $12.00 slide Limits over $25,000.00 have a sliding rate scale. The price may be found in Click by using the Price Indication feature, or con-tact Bond Express for addi-tional pricing.
✔
Continuing Transportation Bond from $25,001 to $50,000 5 $12.00 slide Limits over $25,000.00 have a sliding rate scale. The price may be found in Click by using the Price Indication feature, or con-tact Bond Express for addi-tional pricing.
✔
Continuing Transportation Bond over $50,000 7 $12.00 slide Limits over $25,000.00 have a sliding rate scale. The price may be found in Click by using the Price Indication feature, or con-tact Bond Express for addi-tional pricing.
✔ Contract Postal Unit Bond up to $50,000 5 $10.00
✔ Contract Postal Unit Bond over $50,000 7 $10.00
Page 11 of 17S-8915-1115
TRAVELERS CLICK®
ELIGIBLETYPE OF BOND LIMIT
UW GUIDE
RATE PER $1,000
COMMENTS
✔
Distilled Spirits Bond Varies 4 $12.00 slide Limits over $25,000.00 have a sliding rate scale. The price may be found in Click by using the Price Indication feature, or con-tact Bond Express for addi-tional pricing.
✔
Livestock Market Agencies or Dealers Bond Varies 7 $10.00 slide Limits over $10,000.00 have a sliding rate scale. The price may be found in Click by using the Price Indication feature, or con-tact Bond Express for addi-tional pricing.
✔
Livestock Packers Bond Varies 7 $20.00 slide Limits over $50,000.00 have a sliding rate scale. The price may be found in Click by using the Price Indication feature, or con-tact Bond Express for addi-tional pricing.
✔
Wine Bond Varies 4 $12.00 slide Limits over $25,000.00 have a sliding rate scale. The price may be found in Click by using the Price Indication feature, or con-tact Bond Express for addi-tional pricing.
PROBATE BONDSSUBMIT ALL PROBATE BONDS IN EXCESS OF $150,000 (SINGLE/AGGREGATE) FOR UNDERWRITING APPROVAL REGARDLESS OF UW
GUIDE
MINIMUM PREMIUM $100.00 (unless otherwise indicated below)
PREPAID DISCOUNT If premium is paid for two or more years in advance, discount second and subsequent years' premium by 25%.
SLIDE Indicates that sliding rate scales exist and at which limit they begin.
PRICING Final pricing for bonds outside your authority will be determined by Bond Express.
Please contact your local surety representative for Principals/Accounts located outside the United States.
UNDERWRITING GUIDELINES AUTHORITY PROVIDED FOR THE FOLLOWING:
1 WRITE FREELY - No Application necessary.
2 WRITE FREELY - Complete pertinent section of Application.
3 & 4 WRITE FREELY - Complete pertinent section of Application and signatures preferred.
5 & 6 SUBMIT APPLICATION - Complete pertinent section, obtain signatures and submit to Company for u underwriting and credit review.
7 & 8 SUBMIT APPLICATION/FINANCIALS - Complete pertinent section, obtain signatures and submit to Company with financial statements for review.
9 & 10 CONTACT COMPANY - Contact Company for specific underwriting guidelines.
All Probate: Always include copies of will and pertinent court papers when applicable.
Administrators/Executors Only: No renewal premiums when limit is $25,000 or less. No closing evidence required when limit is $50,000 or less.
Page 12 of 17S-8915-1115
TRAVELERS CLICK®
ELIGIBLETYPE OF BOND LIMIT
UW GUIDE
RATE PER $1,000
COMMENTS
✔
Administrator/Personal Representative Bond Varies 2 $5.00 slide Limits over $250,000.00 have a sliding rate scale. The price may be found in Click by using the Price Indication feature, or con-tact Bond Express for addi-tional pricing.
✔
Conservator Bond Varies 5 $5.00 slide Limits over $250,000.00 have a sliding rate scale. The price may be found in Click by using the Price Indication feature, or con-tact Bond Express for addi-tional pricing.
✔
Executor Bond Varies 2 $5.00 slide Limits over $250,000.00 have a sliding rate scale. The price may be found in Click by using the Price Indication feature, or con-tact Bond Express for addi-tional pricing.
✔
Guardian of Incompetent - One Veteran Varies 5 $5.00 slide Limits over $250,000.00 have a sliding rate scale. The price may be found in Click by using the Price Indication feature, or con-tact Bond Express for addi-tional pricing.
✔
Guardian of Incompetent Bond Varies 5 $5.00 slide Limits over $250,000.00 have a sliding rate scale. The price may be found in Click by using the Price Indication feature, or con-tact Bond Express for addi-tional pricing.
✔
Guardian of Minor Bond Varies 5 $5.00 slide Limits over $250,000.00 have a sliding rate scale. The price may be found in Click by using the Price Indication feature, or con-tact Bond Express for addi-tional pricing.
✔
Limited Guardian of Incompetent Bond Varies 5 $5.00 slide Limits over $250,000.00 have a sliding rate scale. The price may be found in Click by using the Price Indication feature, or con-tact Bond Express for addi-tional pricing.
✔
Supplemental/Special Needs Trustee Bond Varies 5 $5.00 slide Limits over $250,000.00 have a sliding rate scale. The price may be found in Click by using the Price Indication feature, or con-tact Bond Express for addi-tional pricing.
Page 13 of 17S-8915-1115
TRAVELERS CLICK®
ELIGIBLETYPE OF BOND LIMIT
UW GUIDE
RATE PER $1,000
COMMENTS
✔
Trustee Bond (Under Will or Deed of Trust) Varies 2 $5.00 slide Limits over $250,000.00 have a sliding rate scale. The price may be found in Click by using the Price Indication feature, or con-tact Bond Express for addi-tional pricing.
COURT BONDS (PLAINTIFFS ONLY)SUBMIT ALL COURT BONDS IN EXCESS OF $15,000 (SINGLE/AGGREGATE) FOR UNDERWRITING APPROVAL REGARDLESS OF UW GUIDE
MINIMUM PREMIUM $100.00 (unless otherwise indicated below)
PREPAID DISCOUNT If premium is paid for two or more years in advance, discount second and subsequent years' premium by 25%.
SLIDE Indicates that sliding rate scales exist and at which limit they begin.
PRICING Final pricing for bonds outside your authority will be determined by Bond Express.
Please contact your local surety representative for Principals/Accounts located outside the United States.
UNDERWRITING GUIDELINES AUTHORITY PROVIDED FOR THE FOLLOWING:
1 WRITE FREELY - No Application necessary.
2 WRITE FREELY - Complete pertinent section of Application.
3 & 4 WRITE FREELY - Complete pertinent section of Application and signatures preferred.
5 & 6 SUBMIT APPLICATION - Complete pertinent section, obtain signatures and submit to Company for u underwriting and credit review.
7 & 8 SUBMIT APPLICATION/FINANCIALS - Complete pertinent section, obtain signatures and submit to Company with financial statements for review.
9 & 10 CONTACT COMPANY - Contact Company for specific underwriting guidelines.
Always include a signed application and copies of pertinent court papers when applicable.
TRAVELERS CLICK®
ELIGIBLETYPE OF BOND LIMIT
UW GUIDE
RATE PER $1,000
COMMENTS
✔ Bankruptcy Court - Chapter 11 Varies 3 $10.00
✔
Bankruptcy Court - Chapter 7 Varies 3 $3.00 slide Limits over $100,000.00 have a sliding rate scale. The price may be found in Click by using the Price Indication feature, or con-tact Bond Express for addi-tional pricing.
✔
Bond for Costs - Fixed Penalty Varies 3 $10.00 slide Limits over $250,000.00 have a sliding rate scale. The price may be found in Click by using the Price Indication feature, or con-tact Bond Express for addi-tional pricing.
✔ Bond for Costs - Open Penalty Varies 3 $10.00
✔Indemnity to Sheriff Bond (On All Other Writs of Process)
Varies 3 $5.00
Page 14 of 17S-8915-1115
TRAVELERS CLICK®
ELIGIBLETYPE OF BOND LIMIT
UW GUIDE
RATE PER $1,000
COMMENTS
✔Indemnity to Sheriff Bond (On Execution After Judgment)
Varies 3 $10.00
✔
Injunction Bond (Fixed Penalty/No Performance & Payment)
up to $25,000 5 $20.00 slide Limits over $250,000.00 have a sliding rate scale. The price may be found in Click by using the Price Indication feature, or con-tact Bond Express for addi-tional pricing.
✔
Injunction Bond (Fixed Penalty/No Performance & Payment)
over $25,000 7 $20.00 slide Limits over $250,000.00 have a sliding rate scale. The price may be found in Click by using the Price Indication feature, or con-tact Bond Express for addi-tional pricing.
✔
Injunction Bond (Open Penalty/No Performance & Payment)
up to $25,000 5 $40.00 slide Limits over $250,000.00 have a sliding rate scale. The price may be found in Click by using the Price Indication feature, or con-tact Bond Express for addi-tional pricing.
✔
Injunction Bond (Open Penalty/No Performance & Payment)
over $25,000 7 $40.00 slide Limits over $250,000.00 have a sliding rate scale. The price may be found in Click by using the Price Indication feature, or con-tact Bond Express for addi-tional pricing.
✔Masters/Referees/Trustees/Commissioners to Distribute Assets
Varies 3 $4.00
✔
Plaintiff's Attachment Bond - Fixed Penalty Varies 3 $10.00 slide Limits over $250,000.00 have a sliding rate scale. The price may be found in Click by using the Price Indication feature, or con-tact Bond Express for addi-tional pricing.
✔
Plaintiff's Attachment Bond - Open Penalty Varies 3 $20.00 slide Limits over $250,000.00 have a sliding rate scale. The price may be found in Click by using the Price Indication feature, or con-tact Bond Express for addi-tional pricing.
✔
Plaintiff's Replevin Bond - Fixed Penalty Varies 3 $10.00 slide Limits over $250,000.00 have a sliding rate scale. The price may be found in Click by using the Price Indication feature, or con-tact Bond Express for addi-tional pricing.
✔Receiver/Trustee - Appointed to Liquidate/Distribute Assets
Varies 3 $10.00
✔Receiver/Trustee - Appointed to Manage Property or Business
Varies 3 $5.00
Page 15 of 17S-8915-1115
TRAVELERS CLICK®
ELIGIBLETYPE OF BOND LIMIT
UW GUIDE
RATE PER $1,000
COMMENTS
✔
Sequestration/Claim & Delivery Bond Varies 3 $10.00 slide Limits over $250,000.00 have a sliding rate scale. The price may be found in Click by using the Price Indication feature, or con-tact Bond Express for addi-tional pricing.
✔
Temporary Restraining Order Bond up to $25,000 5 $20.00 slide Limits over $250,000.00 have a sliding rate scale. The price may be found in Click by using the Price Indication feature, or con-tact Bond Express for addi-tional pricing.
✔
Temporary Restraining Order Bond over $25,000 7 $20.00 slide Limits over $250,000.00 have a sliding rate scale. The price may be found in Click by using the Price Indication feature, or con-tact Bond Express for addi-tional pricing.
PUBLIC OFFICIAL BONDSSUBMIT ALL PUBLIC OFFICIAL BONDS IN EXCESS OF $50,000 TO YOUR LOCAL PRIVATE & NON-PROFIT LIABILITY OFFICE
MINIMUM PREMIUM $100.00 (unless otherwise indicated below)
PREPAID DISCOUNT If premium is paid for two or more years in advance, discount second and subsequent years' premium by 25%.
SLIDE Indicates that sliding rate scales exist and at which limit they begin.
PRICING Final pricing for bonds outside your authority will be determined by Bond Express.
Please contact your local surety representative for Principals/Accounts located outside the United States.
UNDERWRITING GUIDELINES AUTHORITY PROVIDED FOR THE FOLLOWING:
1 WRITE FREELY - No Application necessary.
2 WRITE FREELY - Complete pertinent section of Application.
3 & 4 WRITE FREELY - Complete pertinent section of Application and signatures preferred.
5 & 6 SUBMIT APPLICATION - Complete pertinent section, obtain signatures and submit to Company for u underwriting and credit review.
7 & 8 SUBMIT APPLICATION/FINANCIALS - Complete pertinent section, obtain signatures and submit to Company with financial statements for review.
9 & 10 CONTACT COMPANY - Contact Company for specific underwriting guidelines.
Please complete a Public Official Application for the below bonds. We will consider all bonds $50,000 and under except: bonds covering proceeds of special bond issues and bonds for Tax Collectors, Treasurers and
their subordinates, and Deputies who collect money. (Please refer these exceptions to your local Private & Non-Profit Liability Office.)
TRAVELERS CLICK®
ELIGIBLETYPE OF BOND LIMIT
UW GUIDE
RATE PER $1,000 COMMENTS
✔ 10th Judicial Circuit - Process Server Bond $5,000 4 $3.50
✔ 11th Judicial Circuit - Process Server Bond $5,000 4 $3.50
Page 16 of 17S-8915-1115
TRAVELERS CLICK®
ELIGIBLETYPE OF BOND LIMIT
UW GUIDE
RATE PER $1,000 COMMENTS
✔ 12th Judicial Circuit - Process Server Bond $5,000 4 $3.50
✔ 15th Judicial Circuit - Process Server Bond $5,000 4 $3.50
✔18th Judicial Circuit - Process Server Bond (Brevard County)
$5,000 4 $3.50
✔18th Judicial Circuit - Process Server Bond(Seminole County)
$5,000 4 $3.50
✔ 19th Judicial Circuit - Process Server Bond $5,000 4 $3.50
✔ 1st Judicial Circuit - Process Server Bond $5,000 4 $3.50
✔ 2nd Judicial Circuit - Process Server Bond $5,000 4 $3.50
✔ 3rd Judicial Circuit - Process Server Bond $5,000 4 $3.50
✔ 5th Judicial Circuit - Process Server Bond $5,000 4 $3.50
✔ 9th Judicial Circuit - Process Server Bond $5,000 4 $3.50
✔ Hunting and Fishing License Agent Bond $1,000 3 $7.00
✔ Judges - Definite Term Varies 5 $2.45
✔ Judges - Indefinite Term Varies 5 $2.45
✔ Professional Guardian - Blanket Bond $50,000 5 $3.50
✔ Public Guardian Bond Varies 5 $3.50
✔ Public Official - Indefinite Term Varies 3 $3.50
✔ Public Official Bond - Definite Term Varies 3 $3.50
✔ Sheriffs and All Subordinates - Definite Term Varies 3 $3.50
✔ Sheriffs and All Subordinates - Indefinite Term Varies 3 $3.50
NOTARY BONDS AND NOTARY ERRORS & OMISSIONS COVERAGENO APPLICATION NECESSARY
MINIMUM PREMIUM $100.00 (unless otherwise indicated below)
PREPAID DISCOUNT If premium is paid for two or more years in advance, discount second and subsequent years' premium by 25%.
SLIDE Indicates that sliding rate scales exist and at which limit they begin.
PRICING Final pricing for bonds outside your authority will be determined by Bond Express.
Please contact your local surety representative for Principals/Accounts located outside the United States.
UNDERWRITING GUIDELINES AUTHORITY PROVIDED FOR THE FOLLOWING:
1 WRITE FREELY - No Application necessary.
2 WRITE FREELY - Complete pertinent section of Application.
3 & 4 WRITE FREELY - Complete pertinent section of Application and signatures preferred.
5 & 6 SUBMIT APPLICATION - Complete pertinent section, obtain signatures and submit to Company for u underwriting and credit review.
7 & 8 SUBMIT APPLICATION/FINANCIALS - Complete pertinent section, obtain signatures and submit to Company with financial statements for review.
9 & 10 CONTACT COMPANY - Contact Company for specific underwriting guidelines.
*Florida Notary Bonds must be filed electronically with the State. Please refer to the Secretary of State website.
Notary Bond
S-8915-1115 Page 17 of 17
This is a non-binding premium indication which is an estimate and does not indicate a risk is acceptable without prior underwriting review. It does not include any potential taxes and surcharges and is subject to change based on additional product key risk details provided in the course of a submission.
Surety rates are based on the Travelers Loss Cost Rate plan.
As a convenience to you, our agent, we have attempted to compile this summary of information about the most common bonds. Changes may be made from time to time as circumstances dictate. Please feel free to contact us with any questions you may have.
© 2019 The Travelers Indemnity Company. All rights reserved.
Travelers and the Travelers Umbrella logo are registered trademarks of the Travelers Indemnity Company in the U.S. and other countries.
TRAVELERS CLICK®
ELIGIBLETYPE OF BOND LIMIT
UW GUIDE
NOTARY PREMIUM
COMMENTS
Notary Bond $7,500 1 $40.00/4 years
Notary Bond - Remote Online $25,000 1 $80.00/4 years Additional bond required for Notaries registered to perform Remote Online Notarization. Minimum $25,000 E&O coverage required with bond.
E & O coverage is only available in conjunction with a Notary Bond.
TRAVELERS CLICK®
ELIGIBLETYPE OF BOND
UW GUIDE
E&O LIMIT E&O PREMIUM
Notary Bond with E & O 1 $10,000 $40.00/4 years
Notary Bond with E & O 1 $15,000 $50.00/4 years
Notary Bond with E & O 1 $20,000 $60.00/4 years
Notary Bond with E & O 1 $25,000 $70.00/4 years
Notary Bond with E & O 1 $30,000 $80.00/4 years