SURETY BONDS

Surety bonds are third party contracts in which one party, the surety company, guarantees the performance or honesty of a second party, the principal (obligor), to the third party (oblige) to whom the performance of debt is owed.

Bond Products available through our Surety Markets:

Contract Bonds- Bid, Performance and Payment, Maintenance, Supply
Commercial Bonds- License & Permit, Probate, Public Official, Receiver or Trustee, Judicial (Court), Probate, Notary Public, Customs, Miscellaneous
Fidelity- Erisa (Pension Plans), Business Services (Janitorial), Dishonesty
Errors and Omissions Insurance- Notary Public, Tax Preparers
Management Liability- Fiduciary, Director & Officers, Employments Practices

Sample of Services Provided By Our Agency and Surety Markets

Agency in-house authority (construction bonds dependent on size and scope of contract)

Surety underwriters can assist in reviewing bond forms and job contracts

Surety claims and legal groups available to proactively resolve problems before they turn in to bond claim losses

Surety Markets:

CNA/Western Surety
Liberty Mutual Group
Travelers
ACSTAR
Construction Bonding
USG/Century Surety
The Hartford
Selective Insurance
Hanover
Zurich
Surety Placements Services
M. Wilson

ADDITIONAL PRODUCTS

Umbrella / Excess Liability

An additional limit of liability that is written over primary liability policies, such as: General Liability, Auto Liability, Employee Liability, and Employee Benefits Liability. Some umbrellas will even go over foreign liability. The umbrella provides excess limits once primary limits are exhausted. In special circumstances, it can drop down to claims not covered by an underlying policy.

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Commercial Package / Business Owners Policy

Commercial Package / Custom coverage that combines two or more coverage forms, such as: Property, Liability, Business Auto, Inland Marine, and Crime.

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“What our clients say”

“As a creative and digital agency, our talents are focused on enriching brands, creating innovating marketing strategies and driving sales for our clients. Today, efficiency is the essential ingredient. With technologies changing in an instant and customer preferences trending even faster, we’ve been able to increase our efficiencies by relying on a few select, top-ranked companies – and Goodman Venegas is chief among them. Working with Goodman Venegas, we know they will keep their minds on our business needs – so we can keep ours on growing our customers’ business. When it comes to delivering the greatest value for our company, Goodman Venegas has always brought us the best insurance solutions. They understand how we operate and have often recommended minor changes that helped make major improvements in our premiums and coverage. In addition, the team of professionals at Goodman Venegas has a way of making everything easier. Everyone is knowledgeable, friendly and always willing to pitch in to solve a problem. And when we did have to make a claim after a break-in, Goodman Venegas was there to make the recovery process painless. They stepped in, handled everything and we had the check in our hand faster than we thought possible. In this economy, smart businesses have to find smart partners. We’re really glad we found Goodman Venegas for all our insurance needs.”-Priscilla Jessup, Founder and CEO-DENMARK {the agency} (Atlanta, GA)