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Commercial Surety Bonds: Available Products & How to Apply

Commercial surety bonds are required for many types of businesses.

ProductBy Philadelphia Insurance Companies
Wood blocks spelling the word "surety".

Commercial surety bonds are required for many types of businesses. These can range from motor vehicle dealers, contactors, retailers, and educational organizations to industry services, sports organizations, and even health and fitness clubs. For business owners and agents wondering where or how to get a commercial surety bond, look no further than the Philadelphia Insurance Companies (PHLY) Commercial Express Surety Center.

At PHLY, our Commercial Express Surety Center is the one stop shop for all major classes of transactional commercial surety business,

including:

  • License & Permit Bonds - All types

  • ERISA - Commercial Blanket available up to $1M

  • Court - All types

  • Probate - All types

  • Public Official - All types

  • Miscellaneous - All types

  • Fidelity - Employee Dishonesty & Business Services

How To Get A Commercial Surety Bond from PHLY

If you are a business owner, talk to your agent about getting a commercial surety bond from PHLY.

If you are a PHLY appointed agent, simply go to PHLY.com to get started right away. If your agency is not yet appointed for surety, you will need to complete the Short Form Commercial Surety Agency Agreement. This form must be completed, signed, and submitted to SuretyAppointment@phly.com before accessing PHLY Bond Express.

With PHLY Bond Express (PBE) we've streamlined the application process for all bond applicants. PHLY Bond Express offers:

  • An easy online application

  • A diverse bond form library

  • Instant approvals

  • Immediate execution of bond documents

  • Flexible rates and underwriting

  • Nationwide coverage

Why Commercial Surety Bonds from PHLY?

While there are a lot of options for commercial surety bonds out there, Philadelphia Insurance Companies stands out among the rest for our ease of use, customer support, experienced staff, and strong financial stability. Learn more about the advantages of working with PHLY below:

Streamlined Application Process

We understand that business can be won or lost based on response time, so we've streamlined the application process. Submission is quick and easy via PHLY Bond Direct, which offers powerful database-driven filters and search fields that allow agents to find and execute the right bond efficiently online, saving valuable time. Alternatively, agents can use our abbreviated multipurpose application for Commercial Surety Bonds up to $500,000.

Outstanding Customer Service

Making the application process as streamlined as possible is only the beginning of our commitment to customer service. Our specialized Commercial Express underwriters provide industry-leading turnaround time. In fact, many bond requests receive an immediate response via PHLY Bond Express, and we strive to conclude new submissions that may need additional underwriting within one business day of receipt. We are confident that this efficiency is one of the reasons that PHLY has a 96% overall customer satisfaction rate.

Support

We strive to be not only a surety partner but also an overall business partner, by understanding your client's specific accounts and field. A trusted partnership between the bonding company and the client can largely benefit the advancement of the client. We bring a common-sense approach, not just numbers, to the relationship. As more than just a surety provider, we offer advice on your client's growth and act as a business partner. With a successful and established partnership, your client's organization will have advanced opportunities to flourish.

Experienced Staff

We have worked hard to build an experienced and specialized staff. With staff averaging over twenty years in the surety industry, our underwriting teams offer the best expertise available. Our Commercial Express underwriting team focuses solely on the transactional commercial segment, ensuring specialized experience and outstanding service. Strategically located across the country, our underwriters provide expertise in regional and local markets.

Rates and Underwriting Flexibility

We are proud to offer competitive rates and sound work programs for commercial accounts as a team. Contact your PHLY representative for more details.

Strong Ratings & Financial Stability

As the 11th largest surety company in the U.S., we have both the expertise and resources to provide outstanding bond services. This is evident in our strong ratings and financial stability. PHLY offers unsurpassed financial integrity and is rated A++ (Superior) by AM Best Company and A+ by Standard & Poor's. In addition, we are financially backed by Tokio Marine, which is a top-tier global insurance company.

Contact PHLY Today

To learn more about how PHLY can help you with all of your clients' surety bond needs, contact your PHLY rep or call us today at 1 (800) 873-4552.

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