Leaders in the Puerto Rican surety market.

The pillars of our success are our fast, high-quality services, backed by financial stability and world class re-insurers. We are registered with the federal government (Treasury Listed) and have the authority to issue surety bonds required by federal agencies. We issue a wide variety of bonds with the exception of bail bonds.

USIC - Express Bonds USIC - Express Bonds
01 Surety Bonds
Miscellaneous
Financial Guaranty Bonds (not credit enhancements)

Secures payments and/or credits to the beneficiary.

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PDF Request Form
Online Request
Parking Lot Operator Guaranty

Secures any damage caused to units that are in the custody of the operator due to said operator’s negligence.

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PDF Request Form
Online Request
Fidelity Bond: FHA Condominiums

The U.S. Department of Housing and Urban Development (HUD) requires this bond from condominiums so that property owners may qualify for FHA mortgage loans. The principals of the bond are the employees, officers, and directors of the condominium, and the beneficiary is the property owners association. The amount of this bond is 100% of the funds in the reserve account, plus three months of total monthly maintenance dues.

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Travel Agency

Guaranty payment for damages to third parties due to negligence in the operation of the travel agency. Bond is required by The Puerto Rico Tourism Company. 

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PDF Request Form
Online Request
U.S. Customs

Secures the payment of duties (taxes or liens) within the timeframe stipulated by Customs and Border Patrol (CBP). 

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

Secures compliance with laws and regulations for operating merchant carriers.  

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PDF Request Form
Online Request
02 Surety Bonds
License and Permit
Motor Vehicle Dealership Bond

Guarantees that the vehicle dealer complies with regulations governing the operating of car dealerships in Puerto Rico.  

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PDF Request Form
Online Request
Mortgage Banks Bond 

Guarantees that the mortgage bank complies with the regulations of the Office of the Commissioner of Financial Institutions.

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PDF Request Form
Online Request
Mortgage Bank Employees Bond

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

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PDF Request Form
Online Request
Contractor’s License Bond (DACO)

Guarantees both the money that may have been paid in advance as well as the execution of the work for contractors. Required by the Department of Consumer Affairs.

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PDF Request Form
Online Request
Security Guard Companies (Law 30)

This bond is required by The Department of Labor and Human Resources to guaranty any possible claims for wages and other benefits of employees.

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PDF Request Form
Online Request
Real Estate Broker ("Real State")

Guarantees damages to third parties as a result of wrongful acts committed by Real Estate Brokers.

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PDF Request Form
Online Request
Security Guards and Private Detectives

Guarantees any loss as a result of any act contrary to the rules and regulations of the license. 

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PDF Request Form
Online Request
Department of Consumer Affairs (DACO) - maintenance bond- housing units

Secures the repair of any defect in the residence as stipulated in the regulations of the Department of Consumer Affairs for a period of two years.

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PDF Request Form
Online Request
03 Surety Bonds
Judicial
Attachment (Collection of Monies)

To guaranty payment of damages to the Plaintiff or any third party if the lawsuit is denied or if the property attachment was carried out in an illegal manner.

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PDF Request Form
Online Request
Attachment Release Bond

Serves as the indemnity bond provided by the defendant to lift the attachment placed by Plaintiff.

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PDF Request Form
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Non Resident Bond

This is required by the Court whenever one of the parties is not a resident of Puerto Rico. It secures the payment of the costs and attorney’s fees should they be imposed by the court.

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PDF Request Form
Online Request
Fiduciary Bonds

This type of bond is required for different instances, but it is mainly a guaranty that one entity will make good and responsible use of funds given to them for a specific purpose which benefits a third party. The bond language is adapted to the requirements of each fiduciary and each bond is in accordance with the law and approved by the court or entity requesting the bond.

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PDF Request Form
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Appeal Bond

To guarantee any court costs and expenses if the appeal of a decision by the Court of First Instance to a higher court, is without merit.

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PDF Request Form
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04 Surety Bonds
Construction
Bid Bond

If the project is awarded to the successful bidder, this guarantees that said bidder will present the final bonds (performance and payment) and 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
Payment of Materials and Wages 

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

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PDF Request Form
Online Request
Replacement Bond

Guarantees restoring roads, highways, sidewalks, and curbs impacted by the contractor to their original state.  

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PDF Request Form
Online Request
Roofing Contractor Material and Repair Guaranty Bond

Secures any deficiency due to the labor or material used in the repair of roofs.  

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

At UIA, you find the strength and backing that you need through a team committed to provide you the best service. Through UIA, we provide  the opportunity for contractors to access a surety with higher capacity to engage in large-scale construction projects and commercial contracts.  UIA exclusively represents Travelers, the largest insurer in the United States. Travelers is registered with the federal government (Treasury Listed) and its AM Best rating is A+ (Superior). 

FAQ: Surety Bonds
  • What is a surety bond? +

    A surety bond is an agreement between three (3) parties: the guarantor (Insurer), the beneficiary (Obligee), and the principal (Customer). 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 surety 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 (Customer) and the party that will be compensated by the Guarantor (Insurer) in the event of default by the Principal. 

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

  • What is the difference between an insurance policy and a surety 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.  The surety has remedies and rights to recover any losses from the Principal / Client.

  • What is the qualification process based on? +

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

  • What information should I provide in order to obtain 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 bond type and amount, such as financial statements and obligee’s letters, among others.