Surety bonds are like a reference letter from a reliable source that lets your customers, suppliers, or partners know you have the capacity to complete a project or deliver goods as specified in a contract. The surety issuer takes on the liability of any default or failure on your part. If you fail to live up to the terms of the contract, the surety provides financial compensation to your partner.
Surety Bonds
When competing for business, you need a reliable surety partner who understands your plan and your industry. Allianz Trade's team of domestic and international surety experts provides a high level of knowledge and service, so you can compete quickly and confidently.
What Are Surety Bonds?
How do Surety Bonds Work?
Surety bonds are a three-party agreement between you (the purchaser of the bond), the surety company that promises to be liable for the contract if you default, and your customer or project owner who requires the bond. You are considered the principal in this contract. If you do not live up to the terms of the contract, the project owner (known as the oblige) turns to the surety to collect damages. In the event of a payout, you are responsible for paying the funds back to the surety.
What are the benefits of Allianz Trade Surety Bonds?
Working through a select group of brokers, Allianz Trade surety bonds are made available at competitive rates. Benefits of partnering with Allianz Trade include:
A Solid Guarantee
With established surety teams around the world, Allianz Trade is uniquely capable of providing true integrated international surety bond programs, giving you central management and one point of contact for operations in multiple countries.
Team of Specialists
Our investment grade rating (AA S&P, A+ AM Best) is accepted by corporations and banks across the globe. We're also owned by Allianz, the global leader in financial services, making Allianz Trade a reliable reference for your beneficiaries and financial partners.
True International Partnership
Our worldwide presence and information on global markets allows us to accurately calculate the risks you face to provide you cover you need so you don't miss out on international opportunities.
Proprietary Information
Our experienced and knowledgeable construction and surety bond specialists provide you with responsive service and solutions making it easy to do business.
Personalized Service
We evaluate each account on an individual basis and tailor solutions to your unique needs. Our personalized approach enables us to find optimal solutions for your business.
Experience
After nearly a century working in the surety business, we are one of the most experienced global surety providers and bring this unmatched expertise to the US market.
Why Allianz Trade?
A Solid Guarantee
With established surety teams around the world, Allianz Trade is uniquely capable of providing true integrated international surety programs, giving you central management and one point of contact for operations in multiple countries.
Team of Specialists
Our investment grade rating (AA S&P, A+ AM Best) is accepted by corporations and banks across the globe. We are also part of the Allianz family, the global leader in financial services, making Allianz Trade a reliable reference for your beneficiaries and financial partners.
True International Partnership
Our worldwide presence and information on global markets allows us to accurately calculate the risks you face to provide you cover you need so you don't miss out on international opportunities.
Proprietary Information
Our experienced and knowledgeable construction and surety specialists provide you with responsive service and solutions making it easy to do business.
Personalized Service
We evaluate each account on an individual basis and tailor solutions to your unique needs. Our personalized approach enables us to find optimal solutions for your business.
Experience
After nearly a century working in the surety business, we are one of the most experienced global surety providers and bring this unmatched expertise to the US market.
Types of Surety Bonds Allianz Trade offers
Our knowledge and expertise of each specific business sector enable us to provide you with standard bonding solutions such as:
Contract Surety Bonds
Contract surety bonds are a common requirement in the construction industry. We offer bid, payment, performance, supply and maintenance bonds for mid to large contractors, including:
- General Contractors
- Construction Managers
- Prime Electrical
- Prime Mechanical
- Highway and Bridge
- Paving
- Sewer and Water
- Emerging Contractors
- Specialty Trades
Commercial Surety Bonds
Commercial Surety bonds may be required by local and state law to comply with state or federal regulations. We offer a variety of bonds to for mid to large companies:
- Performance Bonds (Non-Construction or Supply)
- Court Bonds — Judicial
- Court Bonds — Fiduciary
- Custom Bonds
- License and Permit Bonds
- Tax Bonds (Motor Fuel, Alcohol, Tobacco)
- Workers’ Compensation Self-Insured Bonds
- And hundreds more
Contact us about Allianz Trade Surety Bond Solutions
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At Allianz Trade we value your time and will try to respond to your enquiry on the same working day. Some questions may take a little longer to answer, but we aim to provide you with a response within 3 working days.
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