Increased Speed-E Bonds Limits
March 05, 2025
Valued Agents,
Insurors Indemnity Companies appreciates your continued partnership and the business you entrust to us. As the Surety Market evolves, we remain committed to adapting our surety programs to better support your clients’ needs.
We are pleased to announce an enhancement to our credit-based surety program.
While our existing limits of $500,000 single / $1,000,000 aggregate remain in place for standard applicants, we are introducing increased limits for those meeting preferred and exceptional credit criteria. These adjustments are designed to reflect rising contract costs and ensure we remain competitive in the marketplace.
Key Enhancements
- Standard Applicants continued to qualify for up to $500,000 single / $1,000,000 aggregate.
- Preferred Applicants now qualify for up to $600,000 single / $1,200,000 aggregate.
- Exceptional Applicants now qualify for up to $700,000 single / $1,400,000 aggregate.
These changes allow us to provide more flexibility and greater support to contractors while maintaining prudent underwriting standards. We recognize the shifting Surety market dynamics and are committed to ensuring our program remains both accessible and competitive.
If you have any questions, please reach out to your contract bond underwriter.
