Contractors Bonding & Insurance Co.

Contractors Bonding & Insurance Co.

Contractors Bonding & Insurance Co.

Overview
Date Founded

1979

Headquarters

1213 Valley Street,Seattle, WA 98109

Type of Company

Private

Industries

Insurance: Life & Health
Reinsurance

Company Description

Contractors Bonding and Insurance Company (CBIC) is a privately held, Seattle-based insurance company specializing in surety bonds and niche property and casualty insurance products. Surety underwriting emphasis is on contract, license, permit, miscellaneous and court bonds. The contract bond program focuses on standard underwriting for medium size contractors along with streamlined programs for small accounts and infrequent users of surety credit. Property and Casualty underwriting emphasis is on general liability, property, and inland marine coverages for artisan contractors but they also write the program, wholesale, and generalist business including a wide variety of merchant and office classes.CBIC is U.S. Treasury listed and rated A (Excellent) by A.M. Best Company. Formally established in 1979 but with roots tracing back to 1959, CBIC serves over 30,000 contractors and over 4,000 insurance agents and brokers nationwide. The company is the #1 writer of contractors license bonds in the Northwest. CBIC is licensed for surety in all 50 states and Washington D.C., licensed for Property and Casualty business in 46 states, and operates 13 regional branch offices.

Executives & Employees

Chairman & Chief Executive Officer

Chief Investment Officer & Vice President

Senior Vice President & Chief Legal Officer

Vice President & Controller

President & Senior Vice President-Risk Services

Vice President-Risk Services

Vice President & Chief Claim Officer

Vice President, Corporate Services

Vice President-Information Technology

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Recent Transactions
Details Hidden

Contractors Bonding & Insurance Co., Data & Staff Service Co. purchase Western Pioneer Insurance Co. from Atlantis Group, Inc. (Florida)

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