Contractors Bonding and Insurance Company (CBIC), an RLI company, specializes in surety bonds and niche property and casualty insurance products. CBIC is a strong and stable partner you can count on. Our underwriters have proven experience that enables them to respond quickly to the unique business demands of ...
RLI has four distinct surety segments – each staffed by specialists that possess the expertise to underwrite the bond, industry and financial risks specific to the segment. Commercial Surety Bonds — RLI Commercial Surety provides bonding solutions to public and private companies across a diverse group of industries.
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Contractors Bonding and Insurance Company (CBIC), an RLI company, specializes in surety bonds and niche property and casualty insurance products. Formally established in 1979, CBIC joined the RLI family in 2011. CBIC has offices located throughout the country in close proximity to our producers and their customers.
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A frequent misunderstanding of contractor license bonds is they protect the contractor from being held liable for damages. Although bonds are generally issued by an insurance company, surety bond insurance differs from a traditional insurance policy. This type of surety bond actually protects the general public by ...
Contractors Bonding and Insurance Company - Insurance Company - Seattle, WA.
Dec 22, 2010 ... PEORIA, Ill.--(BUSINESS WIRE)--RLI Corp. (NYSE:RLI) – RLI Corp. announced today that it will acquire Contractors Bonding Insurance Company (CBIC) through an acquisition of its holding company, Data and Staff Service Co. (DSS) for approximately $137 million in cash. The acquisition is subject to ...
If you are unfamiliar with contractor's bonds or bonding and insurance companies , you may think contractor's bonds only protect construction clients. However, contractor's bonds protect construction companies in many ways as well. For instance, a bonded and insured construction company is often more attractive to home ...