General Indemnity Group
General Indemnity Group is a Boston-based insurance holding company that underwrites and distributes surety bonds through an A- rated monoline carrier (UCS), a national surety managing general agency (BOSS Bonds), and digital platforms (SuretyBonds.Market, EZSuretyBonds), serving P&C agents, contractors, and government project primes.
- Company typePrivate
- Founded2015
- HeadquartersBoston, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
What General Indemnity Group does
General Indemnity Group, LLC (GIG) is a Boston-based insurance holding company founded in 2015 and operating as a wholly owned subsidiary of Boston Omaha Corporation (NYSE: BOC). GIG specializes in acquiring and operating companies that underwrite and distribute surety insurance products. Its core operating subsidiary is United Casualty & Surety Insurance Company (UCS), a monoline surety carrier rated A- (Excellent) by A.M. Best, licensed in all 50 states plus the District of Columbia, and certified by the U.S. Treasury Department. Distribution is executed through BOSS Bonds Insurance Agency, a national surety managing general agency formed by consolidating five acquired agencies in June 2024, with stated combined agent experience exceeding 40 years.
The company's technology layer consists of two proprietary digital platforms - SuretyBonds.Market for insurance agents and EZSuretyBonds for consumers - which deliver instant bond approvals and enable P&C agents without prior surety expertise to issue bonds online. Technology and operations are supported by a Salesforce-based CRM, real-time data systems, and a hybrid-work staff anchored in Boston's Fort Point Channel district (relocated April 2024). Headcount stood at 60 employees as of the most recent reporting period, up from 19 since 2019.
GIG's business model combines recurring underwriting premiums from UCS, transaction-based agency commissions from BOSS Bonds, and platform-level transaction fees from SuretyBonds.Market and EZSuretyBonds. The company reported $23.9M in FY 2024 revenue (35% YoY) and $2.72M net income (32% YoY), with UCS written premiums up 40% and Policy Holder Surplus rising to $40.7M. On May 18, 2026, GIG's parent Boston Omaha Corporation announced a definitive agreement to sell GIG to CopperPoint Insurance Company for $84,308,757.68 in cash, with closing expected before year-end 2026 subject to regulatory approvals.
General Indemnity Group firmographics
Firmographics- Name
- General Indemnity Group
- Legal name
- General Indemnity Group, LLC
- Website
- https://gi.insure
- Company type
- Private
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- General Indemnity Group is a Boston-based insurance holding company that underwrites and distributes surety bonds through an A- rated monoline carrier (UCS), a national surety managing general agency (BOSS Bonds), and digital platforms (SuretyBonds.Market, EZSuretyBonds), serving P&C agents, contractors, and government project primes.
- Ownership category
- akta.pro rank
General Indemnity Group industry classification
Industry- Product category
- Surety Insurance
- NAICS
- Agencies, Brokerages, and Other Insurance Related Activities (5242), Insurance Agencies and Brokerages (524210), Insurance Agencies and Brokerages (52421)
- SIC
- Surety Insurance (6351), Insurance Agents, Brokers & Service (6411), Insurance Carriers, Nec (6399)
- akta.pro primary industry
- Commercial Surety Bonds (FSAJAIAB)
- akta.pro secondary industries
- Surety & Bond Brokerage (FSAEADAI), Notary / Bail / Miscellaneous Consumer Bonds (FSAJAIAK)
Keywords
Where General Indemnity Group is headquartered
LocationHeadquarters
- HQ city
- Boston
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
General Indemnity Group business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Surety Bond Premiums (UCS): United Casualty & Surety Insurance Company generates revenue through underwriting surety bonds. Premiums are earned on commercial, contract, and license bonds. UCS grew written premiums by 40% in 2024 and Policy Holder Surplus increased to $40.7 million.
- Agency Commissions (BOSS Bonds): BOSS Bonds Insurance Agency operates as a surety-only agency earning commissions on bond placements. In June 2024, GIG consolidated five insurance agencies under BOSS Bonds, resulting in a 23% production increase. Agency serves P&C insurance agents, contractors, and individuals/small businesses nationwide.
- Platform Transaction Fees: SuretyBonds.Market and EZSuretyBonds platforms facilitate bond transactions generating transaction-based revenue. These tech solutions allow agents and customers to obtain bonds with instant approvals nationwide.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Surety bond premiums typically 0.5% to 2% for principals with good credit |
Go-to-market motion3 records
Distribution channels4 records
Marketing channels5 records
General Indemnity Group product offering
Product offeringCore offering
General Indemnity Group is a holding company that acquires and operates companies underwriting and distributing surety bonds. Its portfolio combines a monoline A-rated surety insurance carrier (United Casualty & Surety Insurance Company), a national surety managing general agency (BOSS Bonds Insurance Agency), and proprietary digital platforms (SuretyBonds.Market for agents and EZSuretyBonds for consumers), enabling instant bond approvals across all 50 states for commercial, contract, and license bonds.
Product overview
General Indemnity Group operates a multi-platform portfolio of surety bond products. The core offerings include: (1) SuretyBonds.Market - a technology platform for insurance agents to facilitate rapid bond approvals nationwide; (2) EZSuretyBonds - a consumer-facing portal for individual surety bond needs; (3) BOSS Bonds Insurance Agency - a national surety managing general agency consolidating multiple acquired agencies; and (4) United Casualty & Surety Insurance Company (UCS) - an A-rated monoline surety insurance company providing underwriting capacity. Together these products create a full-service surety bond ecosystem spanning from wholesale distribution through retail sales to insurance company underwriting.
Differentiator
Problem solved
Functional benefit
Brands
- SuretyBonds.Market: Technology platform for insurance agents to manage surety bonding needs nationwide, enabling rapid bond approvals
- EZSuretyBonds.com
Products and services
- BOSS Bonds Insurance Agency A premier surety-only agency with over 40 years of combined agent experience, licensed in all 50 states with strategically positioned physical locations. Offers comprehensive surety bond products and solutions for P&C insurance agents, contractors, individuals, and small businesses.
- United Casualty & Surety Insurance Company (UCS) An A- (Excellent) AM Best-rated monoline surety insurance company licensed in all 50 states and D.C., approved by the United States Department of Treasury. Provides underwriting for commercial, contract, and license surety bonds at competitive rates.
- SuretyBonds.Market An advanced digital surety portal that allows insurance agents nationwide to book surety bonds instantly online, without prior surety expertise. Enables affiliate agents to maintain client relationships while expanding offerings, with rapid bond approvals and streamlined processes across the surety value chain.
- EZSuretyBonds A user-friendly consumer-facing digital platform for individuals needing surety bond services. Provides a seamless bonding experience without requiring prior surety expertise, offering bond solutions for notary, license, court, and permit needs with instant approvals nationwide.
Quantifiable outcome
- 40% growth in UCS written premiums in 2024
- +4 more outcomes
Companies that use General Indemnity Group
Customer profileNamed customers5 records
Segments4 records
Ideal customer profiles4 records
General Indemnity Group technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability2 records
Feature4 records
General Indemnity Group partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- CopperPoint Insurance CompanycoreCopperPoint Insurance Company (Phoenix, Arizona) signed definitive agreement to acquire General Indemnity Group for $84,308,757.68 in an all-cash transaction expected to close before year-end 2026, pending regulatory approvals. CopperPoint is a specialty insurer with A (Excellent) AM Best rating. The acquisition aims to combine GIG's digital infrastructure and sector expertise with CopperPoint's distribution relationships and organizational resources. GIG will continue operating from Boston as a regional hub within CopperPoint's national network.
Scale indicators12 records
Recent moves8 records
Expansion highlights6 records
General Indemnity Group competitors and assessment
Company assessmentEmerging players
- Jetty: Jetty is a surety-focused insurtech offering digital bond issuance for real estate and consumer use cases. An emerging surety tech player that overlaps with GIG's EZSuretyBonds consumer-facing platform strategy.
Direct peers
- SureTec Insurance Company: SureTec is a monoline surety carrier licensed in all 50 states, the closest direct competitor to UCS — matching GIG's specialty-only, agency-distributed model and Treasury-approved federal-project status.
- RLI Corp: RLI operates a specialty surety segment focused on small-to-mid commercial and contract bonds via agents, overlapping with BOSS Bonds' target market. A specialty insurance peer with a comparable niche underwriting approach.
- SuretyBonds.com: SuretyBonds.com is an online surety marketplace and direct-to-consumer bond provider that competes with EZSuretyBonds and SuretyBonds.Market for SMB and individual bond purchases. The closest digital distribution peer to GIG's InsurTech platforms.
Broad incumbents
- The Hartford (Surety): The Hartford writes contract and commercial surety through a national agency network, mirroring GIG's distribution-led model. A broad P&C incumbent competing with UCS for construction and commercial surety accounts via agents.
- Intact Insurance (Surety, formerly CNA Surety in some regions): Intact Insurance's surety division (formerly OneBeacon and integrated CNA Surety assets) underwrites contract and commercial surety in the U.S. A broader specialty insurer competing with UCS for mid-market surety accounts.
- Travelers (Bond & Financial Products): Travelers Bond & Financial Products is a top-five U.S. surety underwriter serving construction and commercial surety markets. A diversified P&C incumbent that competes head-to-head with UCS for mid-market and large contractor accounts.
- Zurich Insurance (Surety): Zurich's North America Surety business underwrites commercial and contract surety for mid-to-large contractors. A global P&C incumbent whose underwriting capacity and global footprint exceed UCS, competing on large and federal project bonds.
- Liberty Mutual Insurance (Surety): One of the largest U.S. surety writers via Liberty Mutual Surety, offering contract, commercial, and fidelity bonds nationwide. A broader P&C incumbent, but directly competes with UCS for large construction and federal project bonds.
- CNA Financial (Surety): CNA Surety is a major U.S. surety underwriter with strong agency distribution and broad product coverage. As a broad P&C incumbent, it competes with UCS across commercial and contract surety.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
General Indemnity Group social profiles
Digital presenceGeneral Indemnity Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
General Indemnity Group leadership team
Management profileNumber of profiles
Profiles16 records
General Indemnity Group subsidiaries and ownership
Company hierarchySubsidiaries9 records
General Indemnity Group funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
General Indemnity Group M&A and investment
M&A and investmentM&A4 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about General Indemnity Group
What does General Indemnity Group do?
General Indemnity Group is a holding company that acquires and operates companies underwriting and distributing surety bonds. Its portfolio combines a monoline A-rated surety insurance carrier (United Casualty & Surety Insurance Company), a national surety managing general agency (BOSS Bonds Insurance Agency), and proprietary digital platforms (SuretyBonds.Market for agents and EZSuretyBonds for consumers), enabling instant bond approvals across all 50 states for commercial, contract, and license bonds.
Is General Indemnity Group a public or private company?
General Indemnity Group is a private company. It is classified as corporate owned and is currently operating.
When was General Indemnity Group founded?
General Indemnity Group was founded in 2015. It employs 1 to 10 people.
Where is General Indemnity Group based?
General Indemnity Group is headquartered in Boston, United States, in the North America region.
How does General Indemnity Group make money?
Three revenue lines are on record. Surety Bond Premiums (UCS) is the primary driver. The others are agency Commissions (BOSS Bonds) and platform Transaction Fees.
Who are General Indemnity Group's main competitors?
Jetty is listed as an emerging player. Direct peers are SureTec Insurance Company, RLI Corp and SuretyBonds.com. Broad incumbents are The Hartford (Surety), Intact Insurance (Surety, formerly CNA Surety in some regions), Travelers (Bond & Financial Products), Zurich Insurance (Surety), Liberty Mutual Insurance (Surety) and CNA Financial (Surety).
Does General Indemnity Group have an API?
No public API is recorded for General Indemnity Group.
What industry is General Indemnity Group in?
General Indemnity Group's product category is Surety Insurance. Its primary akta.pro industry code is FSAJAIAB, Commercial Surety Bonds, with a secondary code of FSAEADAI, Surety & Bond Brokerage. Its NAICS code is 5242 and its SIC code is 6351.