A credit decision, not a loss transfer
The bond guarantees the obligee, not the principal — if it pays a claim, the principal is generally expected to make the surety whole.
Surety
License and permit, bid, performance and payment bonds.
Cennairus is a licensed wholesale insurance broker: retail agents send us the accounts their own markets cannot place, stay the agent of record, and we take each account to the markets on our panel of 145 carriers that write it. A surety bond is a guarantee with three parties: the principal who buys it, the obligee who requires it and the surety that backs it. If a valid claim is paid, the principal generally reimburses the surety, so a bond is underwritten more like credit. Cennairus places bonds from the file you already have, financial statements included.
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A few fields — we shop it across the panel and come back with real terms. No obligation.
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The bond guarantees the obligee, not the principal — if it pays a claim, the principal is generally expected to make the surety whole.
Personal financial statements, work-in-progress schedules and entity documents carry more weight here than in most insurance underwriting.
Principal, obligee and surety — knowing who is actually protected is the first thing that makes a bond file make sense.
A one-page license bond and a multi-million-dollar performance bond move through the same submission process.
Financials, contracts and entity documents read straight into the bond submission.
License and permit bonds handled quickly instead of sitting in a queue for a week.
Bid, performance and payment bonds for contractors already on the platform.
Who buys it: contractors bidding public and private construction work; licensed trades required to post a bond to operate; court-appointed fiduciaries, executors and guardians; businesses required to post a bond by state or local statute; subcontractors required to provide payment bond protection; customs, freight and import brokers needing bonds to operate.
The handshake is the easy part. The bond is what makes the obligee believe it.
Not really.
Because underwriting a bond is closer to underwriting credit than underwriting a loss.
A bid bond guarantees a contractor will honor its bid and sign the contract if awarded.
Entity and license documents, financial statements, a work-in-progress schedule for contract bonds, and the bond form or statute requiring it.
One appointment puts the whole panel behind your agency: every line we place, the programs, the producers who work the hard accounts, and your commission settled to your.
