Colonial Surety Company

Colonial Surety Company: direct surety bonds and contract insurance in the United States

Colonial Surety Company is an American insurance company founded in 1930 that presents itself as a direct national seller and underwriter of surety bonds, fidelity bonds, and insurance products for professionals and various sectors. The company combines its experience with proprietary technology to offer digital and immediate access to its catalog of bonds and insurance, available online.

The company states that it is licensed and admitted in all U.S. states and territories, holds an "A" (Excellent) rating from A.M. Best Company, and is listed on the U.S. Treasury List. It also indicates that it is approved by the Department of Labor. Its corporate headquarters is located in Woodcliff Lake, New Jersey, and its incorporation was registered in Pennsylvania.

Surety Bonds

The surety bond catalog includes the following categories:

• License & Permit Bonds
• Court & Fiduciary Bonds
• Notary Bond
• Lost Instrument Bonds
• Public Official Bonds
• Bid & Performance Bonds
• Student Transportation Services Bonds
• Sanitation & Recycling Program Bonds

Fidelity Bonds

In the fidelity bond segment, the company offers:

• ERISA Fidelity Bond
• Employee Dishonesty Bond
• Janitorial & Home Service Bonds
• Service Provider Bonds

Liability and property insurance

The insurance portfolio includes Professional Liability, Cyber Liability, General Liability, Business Owners Policy (BOP), Employment Practices Liability (EPLI), Fiduciary Liability for Plan Sponsors, Errors & Omissions for Pension Professionals, Fiduciary Liability for Pension Professionals, Commercial Crime Liability, and Directors & Officers Liability. The company notes that Workers' Compensation Liability insurance is coming soon.

The company indicates that the first purchase of most of its insurance products includes $50,000 in cyber liability coverage.

The Partnership Account®: program for business partners

Colonial Surety Company structures much of its activity around The Partnership Account®, an online platform aimed at partners who need to obtain bonds and insurance for their clients and for themselves. The program is segmented by partner type:

• Pension Professionals: obtain ERISA fidelity bonds and insurance for your clients instantly, online, with bond status tracking, compliance verification, and coverage renewal.
• Attorneys: process court and fiduciary bonds for your clients instantly, online.
• Insurance Agents: appointment and online access to bonds and insurance for your clients.
• Associations: give your members access to bonds and insurance online, with a fee for each transaction.
• Contractors: pre-qualify for a surety line of credit and access the Hometown Bonding Program to obtain bid and performance bonds on demand.

I-Bond® and I-Insurance® digital products

The company markets its catalog through two proprietary portfolios. I-Bond® offers nationwide access to license and permit bonds, court and fiduciary bonds, ERISA fidelity bonds, and other bonds that individuals, professionals, and businesses are often required to obtain. I-Insurance® groups a range of business liability insurance products. The company claims to be the only company offering surety bonds and instant insurance products under these brands, purchasable with one click.

Customer service and reach

Colonial Surety Company emphasizes that it provides live customer service: when you call, you speak to a person. Its customer service team and support attorneys have, according to the company, decades of experience in bonds and insurance. The company operates with surety licenses in all 50 states, the District of Columbia, Guam, the Northern Mariana Islands, Puerto Rico, and the U.S. Virgin Islands.

Location and contact

123 Tice Boulevard, Suite 250, Woodcliff Lake, NJ 07677 · Phone: (201) 573-8788