The team at Unique Surety can handle delivering the correctly worded bond with the required limits and at a competitive price. We are professionals who have personal relationships with top-rated carriers and underwriters who trust our judgment.
As America nears energy independence using fossil fuels, alternative sources and emerging energy technology, Unique Surety represents several carriers to handle any bonding challenge quickly and professionally.
Unique Surety provides surety bonds for the three major sectors of oil, gas and coal. Upstream, midstream and downstream each requires various types of bonding. In the exploration and production sector, bonds are provided for opening, abandonment, reclamation and more. We focus on providing you with generous bond limits at competitive rates without any collateral requirements. Understanding the industry gives us the “Unique” ability to help you execute quickly, so you don’t miss any opportunities. After purchasing your first bond with Unique Surety, we help you plan for your future needs by working with you, your estimators, finance department, legal representatives and your auditors, if necessary. We provide insight on what is necessary to build your company and grow your bonded capacity as we lower your rates.
In the midstream sector of transportation, storage and wholesale marketing, we provide a variety of bonds for contract supply, contract performance for construction, repair or renovation; or any bonding requirement for pipelines, rail, barge, oil tankers or trucks including license and permit bonds.
We can bond the terms of your contract or satisfy local, state or federal requirements where bonds are required. Some examples include moving oil from production sites to refineries, and delivering refined products to downstream customers such as wholesalers, retailers or local utilities or a variety of industrial uses.
Natural gas pipeline networks consolidate product from natural gas purification plants and provide product to downstream customers. Fracking has revolutionized the natural gas industry by providing abundant domestic supply. Additionally, surety performance bonds are becoming a requirement to indemnify various contractual roles in this portion of the industry. Unique Surety is ready to provide the required bonding limits so that you do not miss a valuable opportunity.
Ocean, wind, solar power, hydro-electric and geothermal are all alternative sources to fossil fuels in producing energy. Government and private industry often require some type of surety bond as a prerequisite requirement to license, operate or to obtain a contract to perform a service or to deliver a product.
Emerging energy technology is improving some old concepts through innovation. Waste to energy has many components and varieties from harnessing methane in landfills to running turbines that produce electricity. Host industries and countries welcome this technology and require a surety bond to guarantee the performance of manufacturing the equipment to contractual standards. This helps ensure proper installation and proof of function and maintenance.
Traditional solar cells are being replaced by transparent films that can be placed over glass. These still effectively absorb energy even in cloudy weather on venues from homes to high rises and industrial parks. The energy is stored in various battery configurations. The storage batteries can provide electricity for residential and commercial buildings and manufacturing facilities in any weather and for extended periods of time.
Hydrogen can provide fuel for automobiles and trucks at a “gas station” in the same time period as using petroleum. The by-product is water and eliminates air and ground pollution. Japanese car companies have become leaders in distributing these vehicles to government and private companies. As a result, vehicle market share is only expected to grow over the next ten years.
Flywheel technology creates perpetual energy. Natural gas is being turned into a gasoline product to be used in existing cars and trucks. Electric cars are being perfected with extended range and may become the residential home power station of the future when used with solar film battery storage. The manufacture, installation and maintenance of these products often involve a legal contract requiring a surety bond to guarantee performance.
This is only the beginning in the development of innovative energy technology. It has proven to provide lower-cost and cleaner energy solutions over a short period of time. In many cases, surety bonds help raise funds, protect end users from open-ended risks and help secure the performance of contracts between the innovators, financial institution, government and private enterprise. The real beneficiary of this emerging technology is the general public.
For information on obtaining Energy Industry Bonds, please call us at 800-321-1007, or click here to contact us.
We've been underwriting for 40 years working with only the most reputable surety carriers nationwide.
We can get you the answers you need in a matter of minutes.
We offer sound business advice to help you build your bonded business.