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Our Mission: Most national publicly- traded surety bond insurance companies that underwrite contractor bid bonds, performance
bonds, court bonds and license bonds underwrite bonds based solely on credit scores and minimum net worth requirements reported
on certified CPA financial statements that can be costly for contractors and other insured to obtain. Service Insurance Company
understands that strict credit scoring and minimum net worth requirements may not tell the contractor’s or other insured’s
complete story. That is why Service Insurance Company takes a holistic approach
to underwriting and considers other factors such as scope and complexity of the project, prior performance, company longevity
and management’s experience when evaluating a bonding line. Service Insurance Company
understands that a smaller, family-owned or single-trade contractor that only needs a few bonds a year may have different
underwriting requirements than a larger multi-state general contractor that may need many bonds in a given year. Service Insurance Company
does not underwrite bonds based only on personal credit scores and does not always require contractors to furnish costly CPA
financial statements and meet minimum net worth requirements. Service Insurance Company is a family-owned regional
bonding company that works hard to meet our client’s surety bonding requirements.
Since 1987 we have built a reputation for providing fast service, being responsive, flexible and focused on satisfying
our customers’ various needs. Service Insurance Company is able to provide
customized underwriting services for smaller contractors that have gross annual sales of less than $10,000,000. Our commitment to providing quality underwriting services for smaller contractors explains our continued
success and validates our potential for future growth. We believe in personally meeting with insurance brokers,
contractors and our other insureds. Our business has been built on open lines
of communication and personalized service. This philosophy, as well as our flexibility
and responsiveness, have led to ongoing long-term trade partnerships with our clients. If you have questions,
or would like additional information regarding The Service Insurance Company, please contact us at 1-888-266-3329 or jburger@serviceinsurancecompany.com
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