For Your Surety Needs, Never Underestimate the Power of Good Service
We’re not going to suggest we’ve reinvented the surety process. Surety has been around for a long time – a really long time. One of the earliest known examples of suretyship was recorded on a stone tablet from Mesopotamia dating back 4700 years ago. Obviously surety has changed a lot since then. And yet there are probably some things that haven’t changed: Surety still relies on relationships and trust. And those things begin with an honest conversation and a broker that truly understands you.
When you see a broker list surety as a capability, we think you should ask this: What kind of service goes with that capability? And how easy are they to work with?
A Background to Benefit You
M3 offers a dedicated surety team with significant knowledge and experience in areas like construction and surety underwriting. We know what it’s like on the other side. That can prove invaluable when it comes to really understanding who you are and matching your needs with the right surety provider.
Approaching the Markets: Doing “Extra” Just Means Doing It Right
M3 conducts an internal analysis of your financial position before going to sureties on your behalf. In other words, rather than handing off your information, we create a customized document that, put simply, tells your story. Why? Because we understand how sureties view financials. By helping them understand your business, we create transparency that fosters what we ultimately want – a healthy relationship with your surety partners that results in a program meeting your current and future needs.
A Surety Bond Can:
- Demonstrate that a business has gone through a rigorous prequalification process and has been deemed capable of fulfilling obligations under a contract or law
- Protect a project owner against financial loss if the contractor defaults
- Provide a remedy, other than a lien, for subcontractors or suppliers
- Provide an alternate form of security or collateral to back certain business obligations without tying up valuable working capital