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Service
Insurance Company was founded in 1987 and is organized and domiciled in the state of New Jersey. The Company is a closely
held, A. M. Best rated (A-) Insurance Company licensed to write surety and fidelity bonds in the state of New Jersey,
New York, Connecticut, Pennsylvania, Delaware, New Hampshire and Maryland.
Service Insurance Company specializes
in writing bonds for the construction industry. These include bonds for contractors and developers including
contractor bid and performance bonds, site plan bonds and subdivision bonds. The Service Insurance Company also writes various
license bonds for contractors. The Service Insurance
Company also specializes in bonds for the legal community. These include Administrator Bonds, Appeal Bonds, Temporary
Restraining Order Bonds (T.R.O. Bonds) and Release Of Lien Bonds.
Other bonds include Used Car Dealer License
Bonds (Lemon Law Bonds), School Tuition Bonds, Health Club Bonds and more.
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- Our Philosophy:
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. - AM Best (A-) Rated
- Dedicated
to the highest level of service.
- Approved by the
Department Of The Treasury to write performance and payment bonds for federal projects. The Company holds a certificate of
authority which is on file with the U S Department of The Treasury.
- The
Company maintains reinsurance protection for all bonds issued with an (A) rated reinsurance trade partner.
- The Company will entertain smaller contractors that have never been bonded and require
help in obtaining their first bonds.
80 Main Street #330 West Orange NJ 07052
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