when it comes to construction bonds, our specialists … · surety & fidelity association of...

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APPETITE Target Classes Mid- to large-size contractors such as: General contractors Highway/Heavy/Civil contractors Trade/Specialty contractors and 1st-tier subcontractors Work Program Capacity $25M to $1B+ as sole surety $1B+ as co-surety PARTNERSHIP FOR SUCCESS Our team of experienced surety professionals is strategically located in 19 states to help address your surety needs across the U.S. We have international capabilities to support your global surety needs, too. We believe that creating partnerships is key. That’s how we maintain long-standing relationships with our agents, brokers and customers. By offering extraordinary service with a local-market focus, we deliver exceptional value to our partners. CONSTRUCTION SURETY 1 The Buck’s Got Your Back® When contractors need to guarantee performance with a construction surety bond, expertise is critical. Ranked as the sixth largest surety writer in the United States 1 , our specialized Construction Surety team has the experience to facilitate the right bonding solutions. That means a better understanding of the business needs to provide consistent, dependable surety support to our partners. WHEN IT COMES TO CONSTRUCTION BONDS, OUR SPECIALISTS HAVE THE KNOW-HOW TO BUILD ON.

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Page 1: WHEN IT COMES TO CONSTRUCTION BONDS, OUR SPECIALISTS … · Surety & Fidelity Association of America. Top 100 Writers of Fidelity and Surety Bonds: 2018. Based on Direct Written Premium

APPETITE

Target Classes Mid- to large-size contractors such as:

General contractors Highway/Heavy/Civil contractors Trade/Specialty contractors and

1st-tier subcontractors

Work Program Capacity

$25M to $1B+ as sole surety

$1B+ as co-surety

PARTNERSHIP FOR SUCCESS

Our team of experienced surety professionals is strategically located in 19 states to help address your surety needs across the U.S. We have international capabilities to support your global surety needs, too.

We believe that creating partnerships is key. That’s how we maintain long-standing relationships with our agents, brokers and customers. By offering extraordinary service with a local-market focus, we deliver exceptional value to our partners.

CONSTRUCTION SURETY

1The Buck’s Got Your Back®

When contractors need to guarantee performance with a construction surety bond, expertise is critical. Ranked as the sixth largest surety writer in the United States1, our specialized Construction Surety team has the experience to facilitate the right bonding solutions. That means a better understanding of the business needs to provide consistent, dependable surety support to our partners.

WHEN IT COMES TO CONSTRUCTION BONDS, OUR SPECIALISTS HAVE THE KNOW-HOW TO BUILD ON.

Page 2: WHEN IT COMES TO CONSTRUCTION BONDS, OUR SPECIALISTS … · Surety & Fidelity Association of America. Top 100 Writers of Fidelity and Surety Bonds: 2018. Based on Direct Written Premium

Business InsuranceEmployee BenefitsAutoHome

1 No. 6 surety writer by premium volume. https://www.surety.org/page/StatReports#Qtr 2 Bureau of Fiscal Service: Surety Bonds. List of certified companies.3 Hartford Fire Insurance Company ratings are on stable outlook at A.M. Best, Moody’s and Standard and Poor’s.4 Surety & Fidelity Association of America. Top 100 Writers of Fidelity and Surety Bonds: 2018. Based on Direct Written Premium.5 Fortune 500 List (2019).

The coverages and services described herein are summaries only. All bonds should be read carefully to determine suitability for your needs and to identify any exclusions, limitations or any other terms and conditions that may specifically affect coverage. In the event of a conflict, the terms and conditions of the bond will govern. Not all coverages and services may be available for all businesses or in all states. Please contact your agent or broker for details. Possession of these materials by a licensed insurance producer does not mean that such producer is an authorized agent of The Hartford. To ascertain such information, please contact your state Department of Insurance or The Hartford at 1-888-203-3823. All information and representations herein are as of July 2020. All coverages described in this document may be offered by one or more of the property and casualty insurance company subsidiaries of The Hartford Financial Services Group, Inc.

In Texas, insurance is underwritten by Hartford Fire Insurance Company and Twin City Fire Insurance Company. In California, insurance is underwritten by Twin City Fire Insurance Company.

The Hartford is The Hartford Financial Services Group, Inc. and its property and casualty subsidiaries, including Hartford Fire Insurance Company. Its headquarters is in Hartford, CT.

20-GS-307701 © July 2020 The Hartford

ABOUT THE HARTFORD

Founded: 1810

A trusted leader for 200+ years

Employees: approximately 19,500

Headquarters: Hartford, CT

Website: TheHartford.com

FINANCIAL HIGHLIGHTS (As of December 2019)

2019 revenues: $20.7B

Shareholder equity: $16.3B

$1.6B in T-listing capacity2

A+ S&P Rating3

A+ A.M. Best Rating3

MARKET RANKINGS

No. 6 largest surety writer by premium volume4

No. 161 on Fortune 500 List5

Ranked in top 10 in Insurance P&C category on Fortune 500 List5

No. 2 workers’ compensation insurer, based on direct written premium

EXPERIENCED CLAIMS HANDLING

An unexpected project interruption or construction disagreement can impact bonded construction obligations and result in a dispute. Having the right team of underwriting, claim professionals and legal counsel working together can provide peace of mind when dealing with unique claims challenges.

We offer exceptional claims support through our experienced claim handlers who are dedicated to working on construction disputes with the project team and counsel for the best outcome possible. All to help contractors mitigate any construction obligation defaults efficiently and effectively.

The Hartford offers customized contractor insurance and construction insurance solutions and an unwavering commitment to businesses in the field of construction. To learn more about our comprehensive coverage solutions for the construction industry, visit TheHartford.com/construction

LET’S BUILD SUCCESS TOGETHER.Learn more about our construction bond expertise at TheHartford.com/bond