Company Overview

Founded in 1987, The Service Insurance Company, Inc. (NAIC #28240, AM Best #10631) is a privately-owned New Jersey-domiciled insurance company specializing in underwriting contract, commercial, and court surety business.

We have built our reputation on providing superior, customized surety solutions to businesses, contractors, service providers and individuals based on each client’s unique needs.

A.M. Best has awarded Service a financial strength rating of A (Excellent). Because of Service’s management structure and philosophy of providing superior customized surety solutions while maintaining tight controls in the underwriting and financial processes, we have outperformed our peers on most of the financial metrics established by A.M. Best. In affirming Service’s rating, A.M. Best lauded Service, reporting that its financial strength rating reflects Service’s “excellent risk-adjusted capitalization, operating profitability and liquidity.”

Treasury Listed and Approved

The Service Insurance Company, Inc holds a certificate of authority with the United States Department of the Treasury and is approved to write performance and payment bonds for federal projects.

Why Choose The Service Insurance Company, Inc?

Service’s Exceptional Customer Service

For over 30 years, Service has been dedicated to providing customized surety solutions and exceptional customer service to small, mid-sized, and emerging businesses. The Service Insurance Company, Inc is highly rated by AM Best (A) with stable outlook.

Service’s Personalized Service

We are proud to provide our clients personalized service and a customized approach to underwriting. Because Service is privately owned and operated, our clients have direct access to the decision makers who will respond to surety bond requests immediately, without the bureaucracy and multiple approval authorities required by most large surety companies.  Service often considers more than just financial statements when making underwriting decisions. We consider more than just credit scores or financial statements and will evaluate other factors that may not appear on paper alone.

Our Underwriting Philosophy

Service’s philosophy of flexibility and responsiveness has led to long-term relationships with  our clients. As a result,  we  continue to “grow with our clients” allowing larger bonding lines beyond the initial bonding request!

Small Business Administration (SBA) Approved

The Service Insurance Company, Inc is a participating surety company in the Small Business Administration Bond Guarantee Program.

NY Rising (Federal Funds for Sandy Relief) and Empire State Bond Assistance Program (NY State Program for small emerging contractors)

The Service Insurance Company, Inc is approved to write bonds in connection with the New York Rising Housing Recovery Program and for the New York State small contractor bond assistance program for emerging contractors on NY State projects.