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recommending sureties


Andrew

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We're not going to use the surety we had planned on, and need to find another.

If you've had a particularly good experience with an approved bonding company (expedient, friendly), it'd be good to hear about them.

Thank you,

-A

Edit: More generally, thoughts on good techniques to winnow through the approved list would be useful to beginners like me. Looking for independent ratings of financial strength and googling for recent lawsuits are two things I'm now doing.

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Assume I smacked myself for the oversight.

Kentucky.

-A

We at Colorado Gold Distillery used "Pioneer General Insurance Company" and we went through our local insurance agent. Coop

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A lot of sureties don't deal with startups and want either 3 years financials or 3x cash in the bank. The TTB accepts cash (but no interest) or Treasuries (though they must be purchased through a specific Federal Reserve bank and account, a hassle but doable). Check with your TTB specialist.

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Thank you very much, folks.

I was making life harder by focusing on small specialty bonding companies. I thought they'd be easier to deal with. Looks like that might not be true. Going through the local affiliates of larger insurance companies makes sense and opens up a lot of options, provided they don't mind our scale.

And hey, we can get some key man insurance while we're at it.

Thanks guys,

-A

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I use CBIZ out in CA. Used to be Valley Global Insurance. The WineAmerica insurance program is through them. Used to working with small wineries, but didn't blink at the request for a spirits bond - just transferred me to another staffer. i do my business insurance and liquor liability through them, too.

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  • 2 weeks later...

As a followup, I contacted a regional insurance seller (Neace Lukens, who I can strongly recommend) that carried bond products from several of the large insurance companies you folks mentioned.

I contacted them last Wednesday evening, met with them Thursday, and had a bond in-hand Tuesday. They're getting me quotes on several insurance/benefits products as well. Going through a larger, general products company was solid advice; thank you.

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