Foster City, CA—March 9, 2016—Within 24 months of operation, Direct Surety has reported writing in excess of $250 million of contract surety bonds to support small- to medium-sized contractors nationwide. With an ever growing staff of underwriters and the large number of contractors seeking to go direct to the decision maker for bid, performance and payment bonds, the Company has proven to be a new and viable alternative for procuring surety bonds within the construction industry.
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“Direct Surety is leading a massive transformation through a unique model that offers a direct relationship with its underwriters blended with industry-leading construction risk analysis technology made directly accessible to contractors,” said David Druml, CEO and one of the principal founders. “The results of the past two years has validated our assumption that contractors want to gain full control of their operations with direct access to surety underwriters who can provide them guidance to grow and prosper. And we have proven that making contractors smarter and more efficient results in low surety claims activity, far beating industry averages.”
Direct Surety democratizes an old and traditional model that relies on a broker or middleman to obtain contract surety bonds on behalf of the contractor. By going direct to the decision maker rather than through an intermediary to obtain bid, performance and payment bonds, contractors gain a deeper understanding of best business practices to effectively increase their bondability, thus leading to faster growth and higher profitability. As a result, Direct Surety transforms bonding into a competitive advantage for its clients.
“By being first with a model that allows contractors to have a direct, one-on-one relationship with the decision maker to establish bonding limits and pricing, we have clearly hit a nerve in the surety industry and tapped into an unmet need,” said Druml. “The amount of bonded construction work we have written is a testament to the growing business appetite for a direct model that champions the success of the contractor.
About Direct Surety
Direct Surety is positioned to be the leading U.S. provider of contract surety bonds enabling contractors to go direct to a surety underwriter rather than through a broker network. Direct Surety believes in empowering contractors to grow and prosper by connecting decision makers, promoting transparency, and offering tools to improve their operations and surety credit limits. The Company’s primary focus is providing contract surety bonds directly to contractors, eliminating the need for a middleman and promoting a strong relationship directly with a surety underwriter. Direct Surety is led by an outstanding team comprised of experts from the construction industry, technology space and the surety field.
For more information, go to www.directsurety.com or speak directly to a decision maker at 877.989.9150.