Surety

For contractors large and small, surety bond solutions can be the difference between getting a job or not – but like projects, not every solution is the same and a company’s needs can change over time. So when a small/midsize drywall contractor had the opportunity to take on a large project, it needed a surety that could respond to those changing needs. It found that in Liberty Mutual Surety and we’ve been supporting its continued growth for more than seven years now.

Early on, the contractor was focused on small to midsize projects using our Xpress product and needed more complex surety bonds to win bids on key projects. Our Surety Plus Vista underwriters worked closely with the company to understand its financials and develop a surety solution with backing by the Small Business Administration (SBA) Preferred Surety Bond (Plan B) program.

Over the years and in partnership with the contractor’s agent, we’ve provided recommendations to help it improve its financial reporting and encouraged it to access programs through the SBA and utilize its 8-A status to secure government contracts to support its growth. All the while, we continued to write a variety of bonds to support larger and more complex projects, transitioning between Liberty Mutual Surety’s Vista and standard product offerings as the company scaled.

Throughout this long-term, collaborative partnership, we’ve watched as the company has evolved its operations, strengthened its balance sheet, and grown into the leading federal general contractor and commercial drywall specialist it is today.

Together. We build new possibilities.