Call Us For A
Quote Today
Phone Icon (800) 321-1007
Unique Surety Bonds
Top Partners
  • Home
  • About Us
  • Surety Bonds
    • Construction Bonds
    • Energy Industry Bonds
    • Legal & Court Bonds
    • Technology Bonds
    • Manufacturing / Distributor Bonds
  • Renewable Energy Generation, Storage & Distribution Bonds
    • Decommissioning Bonds and Interconnection Bonds
    • Construction Performance & Payment Bonds
    • Solar Storage Bonds
    • Operations & Maintenance Bonds
    • Community Solar Service Bonds
    • C & I, Offtaker / End User Bonds
      • Energy Supply Bonds
      • Energy Payments Bonds
    • Solar Industry News & Events
  • Lease Bonds
    • Real Estate
      • Commercial Tenant Lease Payment Bonds
      • Condominium Escrow Deposit Bonds
    • Equipment
      • Lease Payment Bonds
  • Court Bonds
    • Appeal Bonds / Supersedeas Bonds
    • Defendant And/Or Plaintiff Bonds
    • Fiduciary Bonds
    • Guardianship Bonds
  • Construction Bonds
    • Performance Bonds
    • Payment / Labor & Material Bonds
    • Bid Bonds
    • Maintenance Bonds
    • Site Work
  • Manufacturing Bonds
    • Bid Bonds
    • Performance Bonds
    • Supply Bonds
  • Testimonials
  • Blog
  • Contact

How to Recession-Proof your Investments with One Simple Step

Construction Surety Bond

Recession-Proofing Your Project Mix With Bonded Government Work

Even as the latest U.S. GNP statistics show the country is maintaining modest growth, some economists see the seeds of a potential U.S. recession on the horizon. Besides the prolonged slowdown in the energy sector that’s had a significant economic impact in several U.S. states, including Wyoming, West Virginia, and North Dakota, economists are concerned about the prospects of a stronger U.S. dollar fueled by the UK’s Brexit decision, which could affect both the British currency, the Euro and other international currencies. This, in turn, might dampen exports, slow the manufacturing sector, and have rippling effects across the U.S.

Meanwhile, in construction, despite a recent uptick in housing starts, overall employment in the sector is down. In this environment, contractors and construction trade firms are already looking to insulate themselves from potential economic downturns by diversifying their project mix with more public sector work. Municipal, state and federal construction projects can represent lucrative opportunities for contractors that provide protection from cyclical swings in the economy.

For contractors and trades, qualifying for these projects typically comes with a requirement to obtain a surety bond in the form of a performance and payment bond combination. Developers, general contractors or government entities issuing contracts require contractors to provide these bonds for work outlined in the contract.

A surety bond company or an insurance company’s surety bond division has agents that issue these bonds on behalf of the carrier. Sureties require firms obtaining a bond to have a certain minimum amount of working capital and reserve capital, which can vary by the carrier and an individual contractor’s underwriting profile. This includes its work history, current projects, capability, capacity, character, reputation, credit score, financial information and its presentation.

This otherwise complicated process of obtaining necessary bonding on a timely basis may be smoothed by a skilled bonding agent, such as Unique Surety and Insurance Services, that has relationships with several surety markets writing contractors’ bonds. Often, this can be a difference-maker in a contractor’s ability to obtain an affordable bond with little or no collateral.

Although the market for surety bonds is fairly robust at present, as economic conditions change bonds may be more difficult to obtain. Those contractors and trades that start the bonding process now will be in better position to obtain the surety bond they need should the U.S. economy encounter difficulties.

As your firm looks to diversify into government projects and other bonded work, start by contacting Unique Surety.

How Can We Help

I prefer the phoneI prefer email






Testimonials

  • After 30 years of owning and operating businesses both nationally and internationally I rarely endorse or provide opinions regarding a company or individual. I am making an exception; Unique Surety & Insurance Services is a rare and select family owned company with the experience of a Fortune “500” company.

    Ron, An operator of a national business in Indiana


  • We are a painting contractor and needed our first bond. Unique Surety made the process quick and painless. It is always a pleasure working with them.

    Rebecca, A municipal painting contractor in California


  • I want to take the opportunity to thank Unique Surety for placing us with a quality carrier and getting the bonds when we really needed them at crunch time! Your care for your customers really shines through in everything you do.

    Daymon, Steel supply & installation company in Florida


  • We changed to Unique Surety after being with a bonding agent for 5 years. Unique Surety arranged for much higher performance bonding limits at a much better rate which opened the door to greatly expanding our business. Without Robin and her staff at Unique Surety we would absolutely not be where we are today.

    Kari, A contractor in Montana

Recent Posts
  • Surety Bonds Offer Versatile Solutions to Contractual Default Risks of Modular Building
  • AMID SPATE OF RETAILER BANKRUPTCIES, COMMERCIAL PROPERTY OWNERS, INVESTORS AND LANDLORDS CAN TURN TO SURETY BONDING FOR PROTECTION AGAINST LEASE DEFAULTS
  • LEASE PAYMENT BONDS HELP PROTECT MANUFACTURERS AND COMMERCIAL EQUIPMENT LEASING FIRMS FROM FINANCIAL CONSEQUENCES OF DEFAULTS
  • SURETY BONDS OFFER END-TO-END RISK MANAGEMENT SOLUTIONS TO PROTECT ALL PARTIES IN SMALL COMMERCIAL SOLAR PROJECTS
  • QUESTION: HOW CAN OWNERS, DEVELOPERS, FINANCIERS AND GCs EXPAND THEIR PROTECTION AT NO ADDED COST?

    ANSWER: INCLUDE PACKAGING OF A PAYMENT BOND WITH YOUR PERFORMANCE BOND REQUIREMENTS.

Why Choose Unique Surety For Your Next Surety Bond?

People Icon

Our Satisfied Client List Continues To Grow

Shipping Icon

Immediate Shipping And E-Servicing

Usa Map

Customers Nationwide

No Signage

No Hidden Fees Or Secret Tactics

Timer Icon

Get Answers
In Minutes

Graph Grow

Improve The Value Of Your Project

14 Highly Rated Surety Bond Carriers
40+ Years of Experience
50 States We Are Licensed In
$100K Project Minimum
$1B+ Projects Up To

How We Can Help You

40 Years in Business

40 Years Of Experience

We've been underwriting for 40 years working with only the most reputable surety carriers nationwide.

Hour Glass

Rapid Response Time

We can get you the answers you need in a matter of minutes.

Handshake

Business Development

We offer sound business advice to help you build your bonded business.

Multitude Of Satisfied Clients Nationwide

  • After 30 years of owning and operating businesses both nationally and internationally I rarely endorse or provide opinions regarding a company or individual. I am making an exception; Unique Surety & Insurance Services is a rare and select family owned company with the experience of a Fortune “500” company. Ron, An operator of a national business in Indiana
  • We are a painting contractor and needed our first bond. Unique Surety made the process quick and painless. It is always a pleasure working with them. Rebecca, A municipal painting contractor in California
  • I want to take the opportunity to thank Unique Surety for placing us with a quality carrier and getting the bonds when we really needed them at crunch time! Your care for your customers really shines through in everything you do. Daymon, Steel supply & installation company in Florida
  • We changed to Unique Surety after being with a bonding agent for 5 years. Unique Surety arranged for much higher performance bonding limits at a much better rate which opened the door to greatly expanding our business. Without Robin and her staff at Unique Surety we would absolutely not be where we are today. Kari, A contractor in Montana

Satisfied Clients Nationwide

Partners
About Us

How Can We Help

I prefer the phoneI prefer email






The Companies We Keep... And Many More!

  • Travelers
  • Liberty Mutual
  • The Hartford
  • Cna Surety
  • Chubb
  • Hcc
Call Us For A
Quote Today
Phone Icon (800) 321-1007

Call Us To Experience What We Call,
"The Ease Of Getting It Done!"

© 2019 All Rights Reserved. Unique Surety and Insurance Services, LLC.
Website Design & Online Marketing by EarnMoreDoLess.com
  • Facebook Icon
  • Linkedin Icon
  • Mail