Leaders of the bond market in Puerto Rico.

The pillars of our success are our fast, high-quality services, backed by financial soundness and top-notch re-insurers. We are registered with the federal government (Treasury Listed) and have the authority to underwrite bonds required by federal agencies. We issue all kinds of bonds with the exception of bail bonds.

USIC - Express Bonds USIC - Express Bonds
01 Bonds
Miscellaneous
Parking Lot Operator's guarantee

Ensures against any damages caused to the units that are in the operator’s custody due to negligence by the operator.

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Fidelity deposit: FHA Condominiums

The U.S. Department of Housing and Urban Development (HUD) requires this bond from condominiums so that titleholders may qualify for FHA loans. The principals of the bond are the employees, officers and directors of the condominium, and the beneficiary is the titleholders association. The amount of the deposit is 100% of the funds in the reservation account, plus the total of 3 months maintenance payment for all apartments.

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Travel Agency

Ensures against damages to third parties as a result of negligence in the travel agency’s operations. They are requested by the Puerto Rico Tourism Company.

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Customs

Guarantees that duties (taxes or levies) will be paid within the timeframe stipulated by Customs.

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PDF Request Form
Online Request
Federal Maritime Commision Safety Administration - (Carriers)

Ensures compliance with laws and regulations for the operation of freight forwarders.

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Online Request
02 Bonds
Licences and permits
Dealer Bond

Ensures that the car dealership complies with the regulations governing the operation of car dealerships in Puerto Rico.

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Deposit for Mortage Banks

Ensures that the mortgage bank complies with the regulations of the Office of the Commissioner of Financial Institutions (OCIF for its Spanish acronym).

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PDF Request Form
Online Request
Bond for Mortgage Bank employees

This bond is a requirement of the Commissioner of Financial Institutions and insures against any damages caused by employees working with loan closures due to illegal acts.

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Contractor Bond (DACO)

Guarantees small contractors any advance payment as well as the work to be performed.Guarantees the execution of the construction contract according to the plans and specifications.

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Security Guard Companies (Law 30)

It is issued in favor of the Department of Labor and Human Resources to respond to possible wage claims and other workers' rights.

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Online Request
Corredor de Bienes Raíces ("Real State")

Insures third parties against improper actions by real estate brokers.

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Online Request
Deposit for the Department of Consumer Affairs (DACO)

Guarantees the repair of any defect to the residence as stipulated by the regulations of the Department of Consumer Affairs.

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Online Request
03 Bonds
Judicial
Attachment (Collection of Monies)

Guarantees payment of damages to the respondent or any third party if the claim is denied or if the seizure was carried out in an illegal manner.

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Online Request
Attachment Release Bond

Works as the bond provided by the respondent to lift the attachment placed by the claimant.

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Online Request
Non Resident Bond

This is required by the Court when one of the parties does not reside in Puerto Rico. It guarantees payment of costs and attorneys' fees by the losing party, should they be imposed by the Court.

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PDF Request Form
Online Request
Fiduciary Bonds

Applies when there is more than one type of fiduciary with several duties and responsibilities. There is a bond that is adapted to the requirements of each fiduciary and each bond has the approval of the law and the court.

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Online Request
04 Bonds
Construction
Bid Bond

Guarantees and presents the final bonds (performance and payment) if the project is awarded to the winning bidder, and will sign the construction contract.

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PDF Request Form
Online Request
Performance Bond

Guarantees the execution of the construction contract according to the plans and specifications.

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PDF Request Form
Online Request
Pago de Materiales y Salarios ("Payment")

Guarantees payment of materials to suppliers, debts to subcontractors and payment of labor.

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PDF Request Form
Online Request
Restoration Bond

Guarantees to restore roads, highways, sidewalks and curbs impacted by the contractor to their original condition.

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PDF Request Form
Online Request
Material and Repair Guaranty Bond

Insures against any deficiency due to labor or material used in roof repair.

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PDF Request Form
Online Request
UIA CUALIFICATION
United Insurance Agency, Inc. (UIA) - general agent for Travelers Casualty and Surety Company.

At UIA you will find the strength and support you need through a team committed to providing you with the best service. Through UIA we offer the opportunity to bond contractors involved in major construction projects that exceed the capacity of local sureties. Exclusively represents Travelers, the largest insurer in the United States. Travelers is federally registered (Treasury Listed) and has an AM Best rating of A+ (Superior).

FAQ: Bonds
  • What is a bond? +

    A bond is an agreement between three (3) parties: the guarantor (Insurer), the beneficiary (Obligee) and the principal (Client). The Guarantor guarantees to the Beneficiary that the Principal will comply with the terms of the contract.

  • What are the responsibilities of the three parties involved in a bond? +

    The Principal is the customer who promises to comply with everything stipulated in the contract that was signed with the Beneficiary (Obligee).

    The Beneficiary or "Obligee" is the party that requires the bond from the Principal (Client) and the party that will be compensated by the Guarantor (Insurer) in case of non-compliance by the Principal.

    The Guarantor (Insurer- USIC) guarantees the fulfillment of the agreement or obligation.

  • What is the difference between insurance and bond? +

    Insurance indemnifies the insured party for losses in the occurrence of an agreed-upon event.

    A Bond indemnifies the Beneficiary for the Principal’s failure to perform their duties and takes steps with the Principal to recover the loss.

  • What is the basis of the qualification process? +

    It is based on financial condition, character, ability and experience.

  • What information should I provide to get a bond? +

    If you are already a USIC customer, you need to fill out the "Bond Request."

    If you are a new customer (Prospect), in addition to the "Bond Request," you must complete the "General Information Sheet" with the corporation’s and/or individual’s information. Other documents may be required depending on the type and amount of the bond, such as financial statements and obligee letters (among others).