Surety
Our agency has the capacity and experience to provide a full range of bonding needs including contract, judicial and miscellaneous permit bonds. We have over 28 years of experience with a variety of contractors to guide our clients from the bid process to successful job completion. In addition to Wisconsin, we can accommodate projects in many states through our licensing arrangements and bonding relationships. Our strong ties to many of the major bonding companies allow us to offer the most appropriate bonding solutions for your business. We welcome any inquiries for bond services whether you are a prime contractor, subcontractor or supplier. Our Contractor's Bond Application Package can help in consolidating your information for underwriting.
Commercial Bonds - guarantee the principal’s performance of an obligation as listed on the bond. (e.g. Auto Dealer Bond, Mortgage Broker Bond, Wage & Welfare Bond, etc.)
Contract Bonds – guarantee the contractor (principal) will perform the work and pay their suppliers, subcontractors, and laborers. (e.g. Bid Bond, Performance Bond, Subdivision Bond, etc.)
Court Bonds – also known as fiduciary bonds; guarantee the performance of fiduciary services in compliance with a court order. (e.g. Guardianship Bond, Executor Bond, etc.)
Underwriting Components
The underwriting process for bonds is similar to applying for a bank loan.
Key factors examined are:
- Qualifications of the company and staff to perform the work being guaranteed
- Previous corporate experience at the type of work to be performed
- Corporate financial statements and adequacy of working capital
- Volume of work in progress that could compete for limited resources
Our team
-
Greg Barney
- UW Madison: B.S. Business Administration/Marketing
- Experience in the insurance and bonding industry since 1971
- Expertise in surety bonds for construction, both public and private
- Member: Surety Association of WI, ABC, WTBA, LICA, WUCA
-
Jay Zahn
- UW Eau Claire: B.S. Business Administration/Finance, Accounting Minor
- Been a part of the insurance industry since 1987
- Expertise in surety bonds for construction, both public and private
- Member: Surety Association of WI, ABC, AGC, ASA, CFMA, TCCA, WTBA, WUCA
Affiliations
R&R Insurance is a proud member of the following organizations.
