Specialty programs are usually target-specific underwriting programs tailored to accurately address the unique underwriting needs of any one industry. Usually such programs are limited to one or two specific surety markets that offer the program. The goal of a specialty program is to allow for businesses that don’t fall into the normal parameters of surety underwriting a chance to establish a consistent and fair bonding program.
Examples of Specialty Programs:
- Waste Hauler Program
- Real Estate Developers
There are surety companies that like to establish specialty programs. If you are in an industry that requires frequent surety bonds and find that it is difficult to obtain them, a specialty program is something you might consider. It would work best if your industry association is the one to establish the contact. This would indicate that there