Surety Bonds
Loxme Group Inc. Surety Bond Department represents virtually every major surety company in the New York Metropolitan Marketplace. Our role is to negotiate the best possible surety bond program for a contractor and advise on how our client can work to develop the most favorable possible terms and conditions.
We specialize in the following:
Bid Bonds
Performance and Payment Bonds
Supply Bonds
Maintenance Bonds
Union Welfare Bonds
Subdivision Bonds
License and Permit Bonds
**We are also a Small Business Administration (SBA) agent with several surety market options within the program. The SBA Bond Guarantee Program is a government subsidized bond program that will: Assist by putting up to 80-90% guarantee which acts as collateral to help your company get bonded. SBA has flexible underwriting guidelines; helping with problems such as, credit history, working capital solutions and track record experience. Most importantly, SBA offers a single maximum bond limit of $6,500,000 on all projects or up to $10,000,000 on federal projects (under certain conditions); there is a lot of room to grow.
Construction Insurance:
- General Liability
- Workers' Compensation
- Business Automobile
- Umbrella/Excess Liability
- Property
- Builders Risk
- Installation Floater
- Tools and Equipment
- Owners Contractors Protective
- Pollution Liability
- Railroad Protective
Workshops and training classes:
Aside from providing surety and insurance services, Loxme Group Inc. offers a full range of bonding and insurance workshops. Please contact our office for more information and references.