Join Parrot Surety Services Agency Owner and Marine Corps Veteran Adam Milliren in this concluding episode focuses on maximizing bonding capacity. Discover how to assemble a professional team, utilize available tools, and understand critical financial metrics to boost your surety capacity. This is a great video for contractors who have established their bonding and are ..read more

In this episode, uncover the inner workings of the surety underwriting process with Adam Milliren, Managing Member of Parrot Surety Services. Learn about the 3 C’s of Surety Underwriting and what underwriters look for in your application and financial documents. This is the perfect episode with those that are familiar with financial statements and credit ..read more

Gain a thorough understanding of the surety bond application process from start to finish with Parrot Surety Agent and Owner Adam Milliren. This guide will help you prepare a detailed and complete surety application to ensure an accurate quote with the best available rate and terms. This is a great video for anyone needing their ..read more

Explore the fundamentals, history, and types of surety bonds in this introductory episode with Parrot Surety Services owner Adam Milliren. We’ll also delve into when and why bonds are required, providing you with a solid foundation in understanding surety bonding. This is a great episode for anyone new to the surety industry, insurance agents, bankers ..read more

What are Ambulance Service Contract Surety Bonds? Ambulance service contract surety bonds are a type of financial guarantee, typically required from ambulance contractors by municipalities or healthcare facilities. These bonds ensure that the contractor will adhere to the terms and regulations stipulated in their contract, primarily focusing on delivering reliable and timely ambulance services. Why are They ..read more

At Parrot Surety Services, we’re committed to transparency, integrity, and doing what’s right. We know there are agencies and brokers out there who charge fees. Say NO to unnecessary: ❌Application Fees❌Underwriting Fees❌Renewal Fees❌ Rider/Endorsement Fees❌Collateral Fees❌Service Fees❌Notary Fees❌Filing Fees❌Indemnity Fees Your bonding journey should be straightforward and cost-effective. The only legitimate fee you may encounter is the Small ..read more

Imagine you’re a foreign company wanting to do a specific type of business in the U.S., and to do so, you need a surety bond. This bond is like a safety net for the owner, promising that you’ll fulfill your end of a deal or contract. If not, the bond ensures the owner gets compensated ..read more

A surety agent, with a specialized focus on surety bonds and the unique landscape of contracting, is distinctly positioned to handle surety credit programs more adeptly than a generalized insurance agent. Their deep understanding of the construction industry and its inherent risks enables them to tailor surety credit programs to precisely fit a contractor’s needs ..read more

Surety bonds are often considered a form of insurance because they involve a transfer of risk in which a surety company provides financial protection or guarantees the performance of certain obligations. Here are the key reasons why surety bonds are often classified as insurance: → Risk Transfer: Like traditional insurance, surety bonds involve the transfer of ..read more

Sureties’ insistence on obtaining indemnity from trusts and spouses is rooted in their need to manage risk and ensure they can fulfill their obligations without undue financial strain. A principal willing to provide perfected indemnity, including indemnification of all owners, provides reassurance to the surety that the principal is confident and committed to their bonded ..read more