Overview — Surety & Fiduciary Bond Program from First Choice Insurance Intermediaries, Inc.
First Choice Insurance Intermediaries, Inc. offers a dedicated Surety & Fiduciary Bond program designed for agents and brokers who need a reliable wholesale market for commercial surety, fiduciary and related public official bonds. As a wholesale broker, First Choice helps you place bonds that guarantee contract performance, honest fiduciary administration, and a range of commercial obligations your clients must meet to do business or comply with licensing and court requirements.
What this program covers
The program includes traditional surety and fiduciary instruments as well as a broad selection of commercial bonds. Below are concise definitions and the core commercial bond types we handle:
Surety Bond - A three-party agreement that guarantees a principal will carry out their contractual obligations or compensate the obligee for losses if the principal fails to perform.
Fiduciary Bond - Bonds that guarantee an honest accounting and faithful performance of duties by administrators, trustees, guardians, executors and other fiduciaries responsible for managing assets or estates.
Commercial Bond
- Notary public, license and permit bonds; public official, court, probate/fiduciary bonds; Medicare program supplier and contract bonds
- Bid bonds, payment and performance bonds, material and supply bonds, fidelity bonds for business operations
- Dishonesty bonds, janitorial service bonds, ERISA pension trust bonds
Ideal accounts and target classes
This program is aimed at agents placing a wide range of commercial clients, including:
- Small-to-mid-size contractors requiring bid, performance or payment bonds for municipal or private projects
- Businesses and professionals needing license, permit or fidelity coverage
- Trustees, executors, guardians and other fiduciaries who must post probate or fiduciary bonds
- Service contractors (janitorial, security, suppliers) and organizations needing dishonesty or ERISA bonds
Typical accounts: a local general contractor bidding on municipal work, an executor required to post a probate bond, or a notary seeking a state-issued notary public bond.
Coverage highlights and advantages
- Access to multiple surety and fiduciary markets through First Choice’s wholesale distribution
- Ability to place both standard commercial bonds and specialized public official/fiduciary obligations
- Streamlined submission process aimed at quick decisions for common bond types
- Guidance for documentation and underwriting expectations to help you prepare stronger submissions
Underwriting notes and submission requirements
Underwriting varies by bond type and carrier. Common items underwriters will request include signed applications, financial statements (when applicable), a copy of the contract or court order, and background information on principals. If your submission involves performance or payment bonds, provide project details, contract terms and owner information to speed review.
First Choice works with carriers to place bonds efficiently; if you have an unusual exposure or complex project, flag it early so we can route the account to the appropriate market.
Territories and admitted status
Available in the following states: AL, CA, CO, CT, DE, FL, GA, IL, IN, KS, LA, MD, MA, NV, NJ, NM, NY, NC, OH, OR, PA, SC, TX, VA, WA, WI. Admitted availability varies by state and bond type—some bonds may be written on admitted paper in certain states and non-admitted in others. Contact First Choice for state-specific placement options.
Why place this business with First Choice Insurance Intermediaries, Inc.
- Wholesale broker access—multiple carrier relationships for flexible placement options
- Experienced in both commonplace commercial bonds and niche fiduciary obligations
- Focused support for agents: clear underwriting checklists and help with documentation to reduce turnaround time
If you have a bond submission, prepare the basic documentation outlined above and contact your First Choice wholesaler to discuss appetite, turnaround and any state-specific requirements.
Frequently Asked Questions
What types of accounts are a good fit for this Surety & Fiduciary Bond program?
Good fits include contractors needing bid/performance/payment bonds, individuals required to post probate or fiduciary bonds, notaries and businesses needing license or fidelity coverage, and service providers requiring dishonesty bonds. First Choice focuses on small- to mid-size commercial accounts and common public official obligations.
Which states are supported and is coverage admitted?
The program is available in AL, CA, CO, CT, DE, FL, GA, IL, IN, KS, LA, MD, MA, NV, NJ, NM, NY, NC, OH, OR, PA, SC, TX, VA, WA and WI. Admitted vs. non-admitted availability depends on the bond type and carrier—ask First Choice for state-specific options on each submission.
What documentation should I include with a submission?
Provide a completed bond application, contract or court order (if applicable), owner/obligee information, and financial statements or references when requested. For contractors, include project dollar values, contract terms and owner contact details to speed underwriting.
Need help placing an account? Connect with a market specialist.