Secures payments and/or credits to the beneficiary.
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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.
Secures payments and/or credits to the beneficiary.Online Request
Secures bill payment to the beneficiary.Online Request
Secures rent payment to the beneficiary.Online Request
Secures any damage caused to units that are in the custody of the operator due to said operator’s negligence.Online Request
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.Online Request
Guaranty payment of excise taxes to the state.Online Request
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.Online Request
Guarantees the payment of airline tickets.Online Request
Secures the payment of duties (taxes or liens) within the timeframe stipulated by Customs and Border Patrol (CBP).Online Request
Secures compliance with laws and regulations for operating merchant carriers.Online Request
Any guaranty not included in the previous options.Online Request
Guarantees that the vehicle dealer complies with regulations governing the operating of car dealerships in Puerto Rico.Online Request
Guarantees that the mortgage bank complies with the regulations of the Office of the Commissioner of Financial Institutions.Online Request
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.Online Request
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.Online Request
This bond is required by The Department of Labor and Human Resources to guaranty any possible claims for wages and other benefits of employees.Online Request
Guarantees damages to third parties as a result of wrongful acts committed by Real Estate Brokers.Online Request
Guarantee any loss as a result of any fraud caused by civil-law notaries.Online Request
Guarantees any loss as a result of any act contrary to the rules and regulations of the license.Online Request
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.Online Request
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.Online Request
Serves as the indemnity bond provided by the defendant to lift the attachment placed by Plaintiff.Online Request
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.Online Request
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.Online Request
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.Online Request
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.Online Request
Guarantees the execution of the construction contract according to the plans and specifications.Online Request
Secures payment of materials to suppliers, debts to subcontractors and payment of labor.Online Request
To guaranty payment of materials.Online Request
To provide services and materials.Online Request
Guarantees services and materials.Online Request
Guarantees restoring roads, highways, sidewalks, and curbs impacted by the contractor to their original state.Online Request
Secures any deficiency due to the labor or material used in the repair of roofs.Online Request
Guarantees improvements to existing facilities or facilities under construction.Online Request
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).
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.
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.
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.
It is based on financial condition, character, ability and experience.
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.