Liberty Mutual Surety has introduced Liberty SuretyFirst as its new operating unit, exclusively serving independent agents whose customers have small to mid-sized bonding capacity needs.
Liberty SuretyFirst provides the local flexibility and service orientation of a regional surety with the capacity and national resources of Liberty Mutual Surety. It has a broad underwriting risk appetite for contract and commercial surety and small fidelity products without account minimum premium requirements.
Focused product segments include:
- Contract: General contractors, heavy contractors and sub-trades with work programs of up to $15 to $25 million
- Commercial: Probate and public official up to $50 million, court, license & permit, program business and miscellaneous bonds for businesses and individuals, on both an account or transactional basis, with aggregate capacity up to $10 million.
Liberty SuretyFirst agents will have access to Surety Online and Bond Execution System Technology (BEST) to provide greater efficiency and accuracy in workflows and reduce transactional costs related to issuing bonds.
Surety Online is a quote and issue rules-based underwriting platform for small commercial obligations under $100,000 including: license and permit; notary; public official; ERISA; and Business services bonds.
