Ideal Accounts and Appetite
ALLSTAR SURETY is well-suited for agents placing business for general contractors, subcontractors, and suppliers who regularly perform bonded work. Whether your client is bidding on public infrastructure or private commercial development, we can accommodate a wide range of contract surety needs, including both standard and non-standard markets.
You might have a client who is supplying construction materials to a major municipal project, or a contractor who is required to furnish a separate supply bond in addition to a performance bond. Our underwriters understand these scenarios and can work with you to find the right solution quickly.
Coverage Highlights and Advantages
- Supply Bonds that ensure payment for labor and materials used in contracted work
- Full suite of contract bonds: bid, performance, payment, maintenance, license, permit, and more
- A.M. Best-rated and U.S. Treasury-listed carriers, including Companion, American Southern, and Knightbrook
- Markets for both standard and hard-to-place surety risks
- Competitive pricing backed by responsive and knowledgeable service
Underwriting Notes and Minimum Premiums
ALLSTAR SURETY offers flexible terms and conditions on supply bonds and other surety products. Minimum premiums vary based on project scope, bond amount, and applicant qualifications. We aim to provide fast turnaround and customized underwriting to meet your clients’ timelines and financial situations.
Territories and Availability
We currently offer our Contract Surety Supply Bonds program in the following states: Kentucky, Maryland, Missouri, New Jersey, Ohio, Pennsylvania, and West Virginia. Most of our bond offerings are admitted in these states, providing added confidence and compliance for your insureds.
Why Work With ALLSTAR SURETY
- Access to both standard and non-standard surety markets
- Flexible underwriting terms and fast turnaround
- Local offices for responsive, personalized service
Let ALLSTAR SURETY be your trusted source for contract surety bonds. Our experienced underwriters are ready to assist you in placing supply bonds and other construction-related surety products. Contact us today to learn more or to discuss a specific client opportunity.
Frequently Asked Questions
What types of accounts are a good fit for this supply bond program?
Contractors, subcontractors, and suppliers involved in bonded construction projects who need to guarantee payment for labor and materials are ideal candidates.
Are your carriers admitted in the available states?
Yes, most of our surety markets are admitted in Kentucky, Maryland, Missouri, New Jersey, Ohio, Pennsylvania, and West Virginia.
Can you handle hard-to-place or non-standard risks?
Yes, we offer access to both standard and non-standard surety markets, giving you flexibility for accounts with unique challenges.
How quickly can you provide a quote or bond approval?
We prioritize fast turnaround and efficient service. In many cases, we can provide decisions and quotes within a short time frame.
What information is needed to start the underwriting process?
Typically, we require a completed bond application, financial statements, and project details. Our underwriters can guide you through the exact requirements.
Need help placing an account? Connect with a market specialist.