Liberty Mutual Surety Plus is available through independent agents and serves contractors that need standard bond programs up to $25 million, transactional bonds up to $3 million, subdivision bonds, and bonds that need special risk underwriting, including collateral, funds administration or Small Business Administration support.

The coverage is available for small to mid-sized construction and subdivision projects in the United States. Target classes include private and public homebuilders, commercial developers, and land and lot developers. There are no minimum premium or net worth requirements and infrequent bond users are eligible. Programs generally start at $10 million and extend up to $750 million, with significant additional capacity for qualified clients. Subcontractor default insurance is also available.

According to Liberty Mutual Surety Senior Vice President Sam Zaza, Surety Plus fills a gap in the surety industry by offering a home office with underwriters that specialize in a broad appetite. The product also rounds Liberty Mutual’s contract bond offering.

The creation of Surety Plus comes several months after Liberty Mutual acquired AmTrust Insurance’s U.S. surety operations (Insco Dico), a company that specialized in this business.

Liberty Mutual Surety, a business unit of Liberty Mutual Insurance, has locations in more than 15 countries.