What CCI Surety does

CCI Surety, Inc. is a privately held Managing General Underwriter (MGU) founded in 1999 and headquartered in Golden Valley, Minnesota, that specializes in non-standard surety bonds typically declined by standard surety markets. The company underwrites and issues two core product lines — Contract Bonds (bid, performance & payment, subdivision, reclamation, maintenance, and supply bonds for construction contractors) and Commercial Bonds (motor vehicle dealer, license & permit, ERISA, wage & welfare, BMC-84 freight broker, probate, utility, and others) — and is the top-performing agent in the U.S. SBA Bond Guarantee Program per the SBA's 2012, 2017, 2020, 2021, and 2022 rankings.

The company holds in-house underwriting authority from various A-rated surety carriers, enabling direct approval and issuance within delegated limits ($3M per underwriter, up to $15M from the home office). CCI differentiates through proprietary programs: a Quick Program for projects up to $500,000 that requires no minimum credit score and typically no financial statements; an Easy Start Program for $250,000–$1,000,000 contracts on a two-page application; and a Net Worth Program providing up to $2.5M in single-bond capacity based on personal and corporate net worth without requiring corporate financials. Funds control and escrow mechanisms (e.g., a 5% working capital deposit) allow approvals for contractors with negative or insufficient working capital.

The business generates revenue through premiums collected on the surety bonds it underwrites and issues. CCI is licensed in all 50 states, operates from three offices (Minnesota HQ plus Tampa and Phoenix regional offices), and distributes exclusively through licensed insurance agents and brokers without requiring agency appointments. The firm employs 11–50 staff members and claims over 165 years of combined contract surety underwriting experience.

Name

CCI Surety

Legal name

CCI Surety, Inc.

Website

https://ccisurety.com

Company type

Private

Founded year

1999

Operating status

Operating

Headcount range

11–50 employees

Short description

CCI Surety is a privately held Managing General Underwriter founded in 1999 that specializes in non-standard surety bonds declined by standard markets, serving licensed insurance agents and contractors across all 50 U.S. states via contract, commercial, and SBA-guaranteed programs.

Ownership category

akta.pro rank

Product category

Surety Bonds / Surety Insurance Underwriting

NAICS

Other Insurance Funds (525190)

SIC

Surety Insurance (6351)

akta.pro primary industry

Contract Surety Bonds (FSAJAIAA)

akta.pro secondary industries

Commercial Surety Bonds (FSAJAIAB), Surety & Bond Brokerage (FSAEADAI)

Keywords

• Surety bonds
• Contract bonds
• Commercial bonds
• SBA bond program
• Managing general underwriter

Headquarters

HQ city

Minnesota City

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D

Revenue model

1. Surety Bond Premiums: CCI Surety earns revenue through premiums collected on surety bonds they underwrite and issue. As an MGU with in-house authority, they have the ability to approve and issue bonds directly, earning premium income from both contract bonds (bid, performance & payment, subdivision, maintenance, supply) and commercial bonds (license & permit, ERISA, motor vehicle dealer, BMC-84, probate, and many others).

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels5 records

Core offering

CCI Surety is a Managing General Underwriter (MGU) specializing in non-standard surety bonds that have been declined by standard markets. The company underwrites contract bonds (bid, performance & payment, subdivision, reclamation, maintenance, supply) and commercial bonds (license & permit, ERISA, motor vehicle dealer, BMC-84 freight broker, probate, utility, wage & welfare, court, and others). CCI leverages the U.S. SBA Bond Guarantee Program as a primary tool to approve accounts that standard carriers decline, supported by proprietary programs including the Quick/Small Contractor Program, Easy Start Program, and Net Worth Program.

Product overview

CCI Surety, Inc. is a Managing General Underwriter specializing in hard-to-place surety bonds that have been declined by standard markets. The company operates two core product lines: Contract Bonds (bid, performance & payment, subdivision, reclamation, maintenance, and supply bonds for construction projects) and Commercial Bonds (motor vehicle dealer, license & permit, ERISA, wage & welfare, BMC-84 freight broker, utility, liquor, lost title, probate, court, and business service bonds). The company leverages the SBA Bond Guarantee Program as its primary differentiator for contractors who cannot qualify through standard surety markets, supported by proprietary programs including the Small Contractor Program (for projects under $500,000 with no credit minimum), Easy Start Program ($250K-$1M contracts), and Net Worth Program (up to $2.5M single bond capacity based on net worth rather than financials). The company is licensed in all 50 states with offices in Minnesota, Arizona, and Florida, and positions itself as the #1 SBA Bond Producer in the United States.

Differentiator

Problem solved

Functional benefit

Products and services

• Contract Bonds

Quantifiable outcome

• Top Performing SBA Bond Agency recognition in 2020, 2021, 2022 (consecutive years)
• +3 more outcomes

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Two partnerships are on record, tiered minor.

• National Association of Surety Bond Producers (NASBP)minorOthersCCI Surety is a proud member of NASBP, a professional association dedicated to the needs of surety bond producers. Membership provides industry networking, resources, and professional development opportunities.
• Associated General Contractors of Minnesota (AGC)minorOthersCCI Surety is affiliated with AGC Minnesota, a non-profit professional organization for the construction industry. This affiliation provides connection to contractors and construction industry professionals.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Lexon Insurance Company: Lexon is a surety-focused carrier underwriting contract and commercial surety through a national agent network — a comparable specialty surety MGU-style competitor pursuing non-standard and hard-to-place business.
• SureTec Insurance Company: SureTec is a surety-focused insurance carrier serving agents and brokers across commercial and contract surety lines, with underwriting authority comparable to CCI's and a parallel reliance on the agent channel for hard-to-place accounts.
• Capitol Indemnity Corporation: Capitol Indemnity writes surety bonds as part of its specialty insurance portfolio via agents and brokers, with overlap in commercial and contract surety that aligns with CCI Surety's product mix.
• International Fidelity Insurance Company (IFIC): IFIC is a specialty surety writer underwriting contract and commercial bonds through agents and brokers, with a similarly strong presence in non-standard and SBA-style accounts — directly comparable to CCI Surety's niche.
• Merchants Bonding Company: Merchants Bonding is a top-10 U.S. surety underwriter (mutual company) directly competing in contract and commercial surety with similar underwriting authority and agent-broker distribution model — the closest scale-to-model comp to CCI Surety's MGU motion.

Broad incumbents

• Liberty Mutual Surety: Liberty Mutual Surety is one of the largest U.S. surety divisions, writing contract and commercial bonds through agents — an incumbent whose risk appetite decisions drive downstream volume to non-standard specialists like CCI.
• CNA Surety: CNA Surety is one of the largest U.S. surety operations within CNA Financial, serving contract and commercial surety nationwide through agents — a large incumbent competitor whose standard-market declinations feed CCI's pipeline.
• RLI Insurance Company: RLI is a specialty P&C insurer with a meaningful surety segment, offering contract and commercial surety through agents — broader portfolio than CCI but overlapping product and distribution model.
• Travelers Bond & Specialty Insurance: Travelers' Bond & Specialty Insurance division is a top U.S. surety provider with contract and commercial bond underwriting authority — a large incumbent whose standard-market posture creates referral flow to non-standard underwriters.

Emerging players

• SuretyBonds.com: SuretyBonds.com is a digital surety bond agency offering commercial bonds online to small businesses — overlapping the commercial bond / small-contractor use case served by CCI's Quick Program, but distributed via self-service rather than agent channel.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/ccisurety
• LinkedInlinkedin.com/company/cci-surety-inc.

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about CCI Surety