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Commercial Surety

The Hanover strives to be your one-stop-shop for all your Transactional Surety needs, whether it’s through your local Surety Underwriter, agency underwriting authority, or via BONDDirect.  By developing a relationship with your local surety specialist versus dialing an anonymous call center, you can feel confident your bonds will be issued quickly because they're part of a global relationship with a national carrier like The Hanover – that’s what we call Franchise Value. By strategically placing your Transactional bonds with one carrier, you can maximize your carrier relationship, compensation, and ease-of-doing-business.

Target Appetite

Commercial Transactional Surety serves entities that are required to post small bonds up to a $1 million aggregate limit for low risk obligations which generally fall into 3 primary groups:

  • Individual License & Permit, Court, Miscellaneous Bonds that ensure compliance with statute or court mandated requirements; or
  • Insurance clients with infrequent bond needs
  • Part of a broader Bond Program

Product Offerings

Here is just a small sampling of the most frequent types of Transactional Surety bonds we write:

  • Court Bonds — Judicial (Plaintiff's Attachment, Replevin)
  • Court Bonds — Fiduciary
  • Public Official Bonds (Tax Collectors, Treasurers, Notary)
  • License and Permit Bonds
  • Certificate of Title Bonds
  • ERISA

  • Lost Instrument Bonds
  • Medicare DMEPOS Bonds
  • Tax Bonds (Motor Fuel, Alcohol, Tobacco)
  • Patient Trust Fund Bonds
  • Professional School Bonds
  • And hundreds more

Online Quote and Issuance System

To complement our Transactional Surety Underwriter’s personal services, The Hanover’s BONDirect web-based automated processing system allows you to quote and issue most Transactional Surety bonds under $500,000 in real time and in one easy transaction. It rates, underwrites, quotes, and issues a bond within minutes, enabling your agency to distinguish itself with faster, more attentive client service. It can even handle large Probate and Public Official Bonds.

Access BONDirect

Contacts

Contact a member of our Hanover Commercial Surety team who can help you deliver tailored surety solutions for your clients.

Joellen Mendoza
Regional Field Director
East Region
630-521-8461
jmendoza@hanover.com

Tom Harman
Regional Field Director
West Region
206-454-8708
tharman@hanover.com

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