Surety Consultant - Tips, tricks, and reviews.

Surety Consultant Info

Welcome to Surety Consultant! We are a resource to help you find the best surety consultant, no matter if it is for a bonding or insurance needs we will provide the info to help you make the right decision.

They can provide value by offering:
Servicing accounts by managing clients' general insurance programs and keeping them up to date on new products, coverages and market trends.
Developing and delivering risk management, insurance and industry-related presentations / seminars to clients and prospect audiences.Maintaining a strong knowledge of Insurance market conditions on a macro level as well as a micro level (ie., specific understanding of each surety market's appetites).

Also should included added bonuses such as:
Contacting underwriters and negotiating best terms and conditions with respect to premiums and coverages.
Negotiating mid-term changes with insurers.
Designing, reviewing and revising Insurance Programs with clients and internal brokers to ensure complete coverage.
Identifying specific client risk exposure and developing and presenting innovative coverage solutions in support of existing/new business growth.
Preparing renewal reports, policy summaries, and assisting in the development of service plans and stewardship reports to ensure client needs are communicated and expectations are met.
Issuing documentation, verifying accuracy and completing checklists.
Establishing and maintaining rapport with underwriters to keep informed about changes in the industry.
Managing correspondence, reports and presentations.

Surety Consultant Experience

Your surety consultant should be able to provide references and experience background. Look for some of the below credentials:

RIBO license required.
CIP, or CAIB.
Minimum 5 years broking experience.
Customer service orientation.
Knowledge of construction process and operations of a construction company.
Professional, business acumen and experience in risk mitigation through insurance product offerings.
Excellent interpersonal, communication and presentation skills.
Ability to work collaboratively as a key member of a service team.
Strong organization skills and the ability to prioritize under pressure of competing deadlines.