The page addresses where telecom bond programs break down. Most operators don't struggle to find a bond. They struggle to find an agent who understands the full picture. Three problems come up consistently: operators get handed to a processor who doesn't know the account when a franchise deadline is two weeks out, accounts get placed with a single carrier, and capacity runs short as programs grow. Evergreen Surety markets accounts across 15 A-rated surety carriers and is licensed throughout the United States and Canada, so bonds can be placed wherever the work is.
The commercial surety bonds practice covers the full range described on the page. The bond types detailed include:
- Right-of-way and conduit permit bonds, required when a contractor opens a street, trenches for conduit, or installs underground fiber
- Franchise bonds, required by cities and counties as a condition of a cable TV or telecom franchise agreement
- Service provider bonds, required by state public utility commissions for CLECs, VoIP providers, and other carriers seeking operating authority
- Performance and payment bonds, common on public contracts and increasingly required on large private fiber deployments
- Tower decommissioning and pole attachment bonds, which fall outside the regular scope of general insurance agents
For smaller contractors pursuing larger contracts, the page explains how the SBA Bond Guarantee Program allows single bonds up to $9MM for non-federal contracts and aggregate limits up to 20 times working capital.
Getting started begins with a call, email, or contact form submission identifying the bond needed and the obligee requiring it. Evergreen reviews the requirement, markets the account across its carrier network, and presents options with clear terms and premiums. Companies encountering surety for the first time can start with the new to bonding page.
Contact Eddie Maxfield at 720-492-9258 or emaxfield@evergreensurety.com.
About Evergreen Surety
Evergreen Surety is an independent surety bond agency based in Littleton, Colorado. The agency is not owned by a carrier or affiliated with a larger insurance group, and is licensed throughout the United States and Canada. Evergreen works with energy producers, developers, contractors, and project teams to place complex bond programs with the carriers that specialize in these risks. For more information, visit evergreensurety.com.
Source: Evergreen Surety
Read Full Story - Evergreen Surety Launches Telecommunications Surety Bonds Page as Broadband and 5G Buildout Expands Obligee Requirements | More news from this source
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