To run your business, you need guarantees for contracts and other financial obligations. Our surety experts provide industry-leading, innovative bond consulting services.
US$700 million in surety premiums placed worldwide… 244 surety experts… SubSecure subcontractor financial scoring tool …MSurety online bond management system
Business interruption (BI) losses can be complicated to navigate, whether stemming from a natural disaster, a cyber-attack, or something else.
Marsh’s Surety Practice provides consultative surety services, including executing bonds, reviewing contracts, and obtaining bonding capacity from surety companies.
We support corporations and construction contractors with a dedicated, global network of surety specialists who know the industry and its characteristics.
With Marsh Surety, you can also replace bank letters of credit or insurance guarantees with more cost-effective surety bonds, freeing up credit capacity for other business needs.
A key to Marsh’s industry-leading offering is our proprietary SubSecure Report, which prequalifies a subcontractor’s financial standing from a surety point of view and assigns a numerical solvency score based on key benchmarks, providing you a comprehensive view of your subcontractor’s financial strengths and weaknesses.
Another valuable tool: Our web-based MSurety Reporting Portal enables you to easily manage bonds and monitor your surety program online.
MSurety is Marsh’s proprietary surety bond tracking/management system and online reporting portal, providing you with 24/7 access to your bond portfolio. You can choose to submit surety bond requests directly through MSurety, or upload them from a request form. You can track the status of your bond requests and even receive electronic notification of any changes.
MSurety stores all your bond documents electronically — with bond and billing summaries — enabling you to access, monitor, and manage them whenever the need arises. In addition, your entire bond history and audit log are maintained throughout the lifecycle of the bond.
Finally, you can access detailed bond reports that are custom-tailored to your business’s distinct needs.
General Contractors, engineering and construction firms, construction managers, project owners, and specialty contractors face subcontractor default risk, and require critical support in determining subcontractor solvency prior to award. Using our SubSecure service, Marsh’s Surety Practice can help you analyze a subcontractor’s financial standing and degree of default risk.
As part of our SubSecure offering, you receive:
Based on the above reports, you can prequalify and determine whether to accept or decline a subcontractor. Or, for strong risks, you may elect to waive bonding requirements to achieve cost savings associated with bond premiums.