What We Do
Expert handling of bond claims from start to recovery
Our Areas of Expertise
California Contractor’s License Bonds (CLB)
With nearly 50 years of combined experience, Solutions for Surety is the most experienced third-party administrator (TPA) for handling Contractor’s License Bond claims. From investigating to resolving complex claims, our unparalleled depth of knowledge ensures efficient and effective outcomes.
Motor Vehicle Dealer Bonds (MVD)
Solutions for Surety offers expert claims management for Motor Vehicle Dealer Bonds. With a team of licensed specialists, we provide seamless resolution of MVD Bond claims, ensuring accuracy, efficiency, and compliance with all industry standards.
Freight Broker Bonds
Solutions for Surety simplifies Freight Broker Bonds (FMCSA Form BMC-84) claims with expert administration and regulatory compliance. We handle broker communications, bond cancellation notices, and manage claims efficiently, ensuring timely resolutions while minimizing delays.
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Also known as:
- FMCSA Form BMC-84
- Freight Broker Bonds
- Transportation Bonds
- Trucking Bonds
- Formerly referred to as “ICC” Bonds
Solutions for Surety simplifies Freight Broker Bond claims management:
- Full-Service Administration: We manage communications with the broker or agent on the bond, ensuring clear and professional handling at every stage.
- Regulatory Compliance: We ensure all required steps preceding bond payment are completed, including:
- Issuing a notice of bond cancellation.
- Public advertisement for claims for a period of 60 days starting from the date of publication of the notice.
- Processing uncontested claims payments within 30 days after the 60-day advertisement period concludes.
Our proactive approach guarantees that your claims process adheres to regulatory timelines while minimizing delays.
Our Services
Comprehensive Claims Administration and Handling
Solutions for Surety is your one-stop partner for managing surety bond claims from inception to resolution.
Our services include:
- Expert Oversight of Litigated Claims:
We work with your chosen surety attorney or can recommend and select highly qualified surety counsel from our trusted network, ensuring claims are handled with skill and precision. - Seamless Takeover at Any Stage: Whether a claim is just beginning or in the midst of litigation, we can step in and manage the process effectively.
- Consulting Support for In-House Claims Staff: Need additional expertise? Our team is available to support and consult with your internal claims team to enhance performance and outcomes.
When it comes to managing claims for surety bonds, Solutions for Surety is the trusted partner for insurance companies seeking unmatched expertise and seamless administration. With decades of combined experience, we specialize in resolving claims for California Contractor’s License Bonds (CLB), Freight Broker Bonds, Motor Vehicle Dealer Bonds (MVD), and more.
Recovery Services
Increase Opportunity, Reduce Net Loss
At Solutions for Surety, we specialize in first-party recovery of all surety losses, including unpaid premiums, regardless of the type of bond or location of indemnitor(s).
Our recovery services are designed to:
- Maximize Recovery Dollars: We relentlessly pursue every indemnitor, treating all accounts with equal diligence to deliver increased recovery.
- Ensure Professionalism and Respect: We communicate with knowledge and understanding, treating indemnitors with courtesy and professionalism to maintain ongoing communication until debts are fully resolved.
- Reduce Net Loss: By working with your team, we ensure minimal losses on your surety claims while improving recovery outcomes.
Additional Recovery and Billing Services
We are not a collection agency
We also offer Recovery and Billing Services for any industry, company, or office in need of an Accounts Receivable Department or assistance with AR management. From unpaid premiums to complex surety losses, Solutions for Surety is your partner in securing what is owed to you.
Investigative Reports
To further support our efforts, Solutions for Surety launched Debtor Inspector in 2023 to provide comprehensive reports on individuals and businesses that help clients make informed decisions and recover debts with confidence. Reports include skip tracing, asset searches, address verification, business credit reports, criminal background checks, and DMV records.