Surety One, Inc. Activates Coronavirus Safety and Continuity Plan

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Mar 16, 2020, 08:10 ET

RALEIGH, N.C., March 16, 2020 /PRNewswire/ -- "The COVID-19 pandemic has the potential to severely disrupt lives and the businesses that we support with our product. I want our customers understand the steps that we are taking to protect them and to ensure that requests are handled quickly and without interruption," says Constantin Poindexter, President and Chief Underwriter of Surety One, Inc.

Contractors, attorneys and courts, occupational licensees and trade professionals require surety bonds in order to operate. Surety underwriters underwrite, issue and deliver those bonds to the parties that need them. The bond purchase and delivery process can be accomplished with little personal contact however there is a slight risk inherent in the delivery of surety bond documents to end users and supplies to surety producers.

Says Poindexter, "I have ordered our offices to institute a strict 'no walk-in' policy and prohibited our team from travel other than normal daily commutes and emergencies. We have spoken to many of our stakeholders that routinely receive surety bonds from our offices and obtained their approval to move to electronic delivery of bond paperwork. When a wet signature original must be filed, we are treating the paper with denatured alcohol mist as well as the contact areas where deliveries are packaged. It doesn't affect the paper significantly so although it's unlikely that this virus would survive the mail, this extra step removes any remaining risk. My inter-office quarantine directive has been well received in both our U.S. and Puerto Rico offices so I foresee no problems with our own continuity."

According to Walker Ricciardi, a member of the World Health Organization's executive council, "I have the impression that, if we are lucky and all work together, we should get through to the summer. That's when we should be able to return to normal life." In the interim, Surety One, Inc.'s Coronavirus protocols will ensure that its clientele receive uninterrupted support and that it does not become a vector for delivery of the virus.

Surety One, Inc. is an international insurance intermediary specializing in surety bonds domiciled in Puerto Rico, licensed in all fifty states, U.S. Virgin Islands and the Dominican Republic. For more information call (800) 373-2804 or email [email protected].

SOURCE Surety One, Inc.