Upcoming Complimentary Surety Course on March 15th, 2018

Service Insurance is having a free surety course called Contract Surety: A Practical Understanding & Introduction. It is great for beginners, experienced producers and CSRs. We hope you join us!

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Service Insurance Company expands into Alabama

The Service Insurance Company (“Service”) is pleased to announce its expansion as a provider of surety bonds in the State of Alabama. James Burger, President and CEO of Service, (operating as Service Guarantee and Surety in the state of Alabama), is pleased about Service’s continued expansion and is excited about the many opportunities Service will have to provide surety bonds in Alabama’s growing market. Continue reading

Why Your Auto Dealership Should Carry Surety Bonds

Auto dealerships in many states carry surety bonds because they’re required to. Even in states where surety bonds aren’t required, however, dealerships often opt to get a surety bond. If you run an auto dealership, here’s why your dealership may want a surety bond even if it isn’t legally required to carry one. Continue reading

James Burger, President of Service Insurance Company Meets Insurance Commissioner & Expands Into New States

James had lunch with Nancy Atkins, Insurance Commissioner  of the State of Kentucky while attending the 121st annual convention for the Independent Insurance Agents of Kentucky.

*James Burger, President of the Service Insurance Company, on right

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What Are Restraining Order Bonds?

If you are trying to get a temporary restraining order on another person, the courts may sometimes require you to get a temporary restraining order bond. If you’ve never heard of this type of bond, here’s what you need to know about the bond process and what they are for.   Continue reading

AM Best has upgraded The Service Insurance Company rating to A from A-

A.M. Best has upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Rating to A from A- of The Service Insurance Company, Inc. (SIC) (West Orange, NJ). The outlook of these Credit Ratings has been revised to stable from positive.

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Career Fair at Montclair State University

I attended a Montclair State University career fair. Not only is there opportunity in the surety bond industry but other industries and careers as well.

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Does it Pay to have a Quick Fix Bonding Line?

3 Types of Surety Bonds and the Small Businesses That Need Them

Several different types of surety bonds are used in commercial situations to give the business, government or individual being served a guarantee. Exactly which commercial surety bond is used in a situation depends on what type of assurance is needed. Here’s a guide to three types of surety bonds that small businesses sometimes purchase as a guarantee for their customers.
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Striking a Balance Between Service and Protections: The Advantages of Surety Bonds

As long as the economy continues to push forward, there will always be opportunities for growth in the contracting and construction sector. Unfortunately, those opportunities also come with some risk, and it’s important that all parties understand the risks and seek out sufficient protections. Legal guarantees represent an opportunity for businesses rather than a symbol of mistrust.

Once you’re able to embrace that perspective, you may be in a better position to understand the potential benefits. Defining the terms of a contracting agreement is an essential step in guaranteeing that all parties are comfortable with the process. Setting terms also goes a long way toward motivating positive outcomes for the project. Continue reading