Contract Surety

Sompo Contract Surety provides ample capacity for sophisticated contractors requiring bond programs with capacity needs serving a small to larger middle market demographic.

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Sompo’s US Surety team partners with a nationwide network of independent agents and brokers to deliver surety bonding solutions for all types of businesses. Our team will bring a consistent underwriting approach that will include detailed analysis tailored for your specific surety solution and will couple that with a dedicated and responsive Surety Claims team with specialized surety experience.

Coverage features

Target clients

Our target clients are profit driven and maintain strong liquidity in the following segments:

  • General contractors / construction managers
  • Trade subcontractors
  • Heavy highway and civil contractors
  • Other / specialty trade subcontractors 

Capacity

Significant aggregate bond program capacity of up to US $500m bonded is available for qualified clients.  Additional capacity available through co-surety and shared surety relationships.

Surety claim capabilities

Dedicated team of experienced surety claims professionals with expertise in dispute resolution and loss mitigation with an extensive background in claims litigation, surety, corporate and environmental law utilizing common sense and value engineering to obtain fair and fast resolutions throughout the entire claim adjustment process.

Experts

Meet the specialists supporting contract surety across the construction industry

Why choose Sompo for Contract Surety? 

  • Top 15 Surety company in the US
  • 100+ years of combined contract leadership experience
  • Collaborative and solutions-oriented approach
  • Office locations across the country
  • Added SBA capability with dedicated support team
  • Have a small contractor bond program
  • Prioritize partner relationships
  • Transparent communication with fast response time
  • Co-surety participation capabilities
  • Dedicated legal resources