Surety Bonds

Meet Surely.

A contractor needs a performance bond by Friday. You have never placed one.

Surely is a conversational trainer for surety, for producers, underwriters, contractors and anyone learning the line. Talk through how bonds work, see them illustrated with real scenarios, and role play the contractor conversation, so a line most people rarely touch becomes one they understand.

What Surely Covers.

  • Three Parties, One Bond

    Principal, obligee and surety: who promises what to whom, and why surety is credit, not insurance.

  • Bid, Performance and Payment

    What each contract bond guarantees, when a project needs it, and what happens when one is called.

  • Underwriting the Principal

    Character, capacity and capital, the indemnity agreement, and the financials a surety will ask to see.

How a Session Runs.

  1. Advice

    Ask Surely anything about surety, out loud, and get a straight answer in plain language.

  2. Illustration

    Surely walks a real scenario, such as a contractor default on a public job, and shows what each party owes and when.

  3. Role Play

    Surely plays the contractor, the obligee or the underwriter, then points out what landed and what an underwriter would want next.

Learn the Line Before It Counts.

Surely is one of Avanew’s Conversational P&C Advisors, for producers, underwriters, insureds and anyone learning the line, alongside CLAIR for cyber.