Commercial surety from The Hanover
Whether your client is an entity required to post small bonds up to $1 million for low risk obligations, or a business seeking bond programs up to $100 million, Hanover commercial surety has their needs covered with our transactional surety and account surety solutions.
By strategically placing your transactional bonds with one carrier, you can maximize your carrier relationship, compensation, and ease of doing business. 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.
Target appetite
Serves businesses and professionals that are required to post bonds up to a $1 million single and $3 million aggregate limit for low-risk obligations. These generally fall into three primary groups:
- Bond that ensures compliance with statute
- Court mandated requirement
- Infrequent bond needs
Bond offerings
Here is a small sampling of the most frequent types of transactional surety bonds we write:
- Court (fiduciary and judicial)
- License and permit (contractors, collection agency, mortgage)
- Lost instrument bonds
- Medicare DMEPOS bonds
- Motor vehicle (defective title, dealers, vehicle verifier)
- Patient trust fund bonds
- Performance and supply (communications, equipment, technology, professional services)
- Public official bonds (tax collectors, treasurers, notary)
- Tax bonds (motor fuel, alcohol, tobacco)
Quote and issue bonds online
BONDirect 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.
Our dedicated team of experienced surety underwriters understand local markets and business trends, possess deep industry knowledge, and can make underwriting decisions on the spot. They work closely with you to provide products and services designed specifically for the unique risks of your customers.
Target appetite
We provide expert guidance and world-class coverage for all types of surety risks and business types including:
- Business services
- Financial institutions/services
- Food and entertainment
- Healthcare
- Manufacturers
- Real estate
- Renewable energy
- Technology
- Telecommunications
- Transportation
Bond offerings
We offer solutions for clients seeking bond programs up to $100 million. We issue surety bonds throughout the United States, Canada and Mexico. Bond offerings include:
- Bid, performance and payment bonds for business services
- Court bonds
- Customs bonds
- Depository bonds
- Financial guarantee bonds
- Supply and install bonds
- Tax bonds
- Trustee bonds
We offer a wide range of industry-specific commercial surety bonds that complement our property and casualty industry capabilities and help you craft account-focused solutions. Unlock the Hanover advantage.
A stable writer
The Hanover is a leading U.S. surety provider, in the bond business since 1907.
Broad range of surety solutions
Meeting the needs of customers ranging from individuals and smaller businesses to Fortune 2000® companies
Significant capacity
Ability to provide large account bonds programs up to $100 million
Empowered underwriting
Responsive commercial surety specialists who understand local markets and have the experience to select the right product
Claims expertise
Dedicated department specialized in handling surety claims
Financial strength
“A” ratings from A.M. Best, S&P and Moody's
By strategically placing your transactional bonds with one carrier, you can maximize your carrier relationship, compensation, and ease of doing business. 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.
Target appetite
Serves businesses and professionals that are required to post bonds up to a $1 million single and $3 million aggregate limit for low-risk obligations. These generally fall into three primary groups:
- Bond that ensures compliance with statute
- Court mandated requirement
- Infrequent bond needs
Bond offerings
Here is a small sampling of the most frequent types of transactional surety bonds we write:
- Court (fiduciary and judicial)
- License and permit (contractors, collection agency, mortgage)
- Lost instrument bonds
- Medicare DMEPOS bonds
- Motor vehicle (defective title, dealers, vehicle verifier)
- Patient trust fund bonds
- Performance and supply (communications, equipment, technology, professional services)
- Public official bonds (tax collectors, treasurers, notary)
- Tax bonds (motor fuel, alcohol, tobacco)
Quote and issue bonds online
BONDirect 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.
Product resources
Resources for you
Commercial surety reference guide
Applications and forms
Multi-purpose bond application
Instructions for completing the multi-purpose bond application
Let's start a conversation today
Contact a member of our Hanover commercial surety team who can help you deliver tailored surety solutions for your clients.
Joellen Mendoza
Vice President, Head of Commercial Surety
630-521-8461
jmendoza@hanover.com
Tom Harman
West Region
206-454-8708
tharman@hanover.com
Rory McCale
Mid Atlantic/Southeast Regions
484-500-4086
rmccale@hanover.com
Ryan Bauch
Central Region
630-337-6315
rbauch@hanover.com
Kim Kelly
Northeast Region
315-453-4805
kkelly@hanover.com