The Service Insurance Company, Inc. - Surety Bonding

03/03/2025

A big thank you to The Surety & Fidelity Association of America (“SFAA”), the National Association of Surety Bond Producers (“NASBP”) and industry leaders for coming together in Washington, D.C. last week for the Legislative Fly-In.

The Service Insurance Company very much appreciates the SFAA, NASBP and industry leaders’ efforts to educate legislators about the importance of ensuring consistent bonding for public-private partnerships and how surety bonding is critical in protecting public entities, taxpayers, contractors, subcontractors, laborers and suppliers alike!

https://surety.org/news/surety-industry-unites-on-capitol-hill/

https://www.nasbp.org/post/surety-industry-unites-on-capitol-hill-to-advocate-for-key-legislative-priorities/

www.GetMyBondNow.com

01/07/2025

Best's Credit Ratings Notification for Service Insurance Company, Inc. AMB Number 10631
Rating Action: A (Excellent) Affirmed
Rating Outlook: Stable
Current Long-Term ICR: a
Previous Long-Term ICR: a
Effective Date: 01/07/2025

03/01/2022

The Service Insurance Company is extremely pleased to announce that Lynn Schubert has been elected to the Company's Board of Directors.
Ms. Shubert recently retired as the President of the Surety and Fidelity Association of America where she served as a tireless advocate for the value of surety bonding and the vital protection it provides the public.
Her philosophies in surety align with the Company's mission of providing a superior, customized service. We are extremely honored to have her join our Board.

11/11/2021

AM Best Affirms Credit Ratings of The Service Insurance Company, Inc. (AMB #10631): AM Best has affirmed the Financial Strength Rating of A (Excellent), and the Long-Term Issuer Credit Rating of “a” with a stable outlook. Date: November 10, 2021
Service Insurance Co has offices in West Orange, NJ and Melville, NY and writes surety in 21 states, specializing in Contractor Performance, Court Administrator, Property Subdivision and most other License, Permit and Contract Bonds.

10/28/2020

AM Best Affirms Credit Ratings of The Service Insurance Company, Inc. (AMB #10631): AM Best has affirmed the Financial Strength Rating of A (Excellent), and the Long-Term Issuer Credit Rating of “a” Date: October 20, 2020

Service Insurance Co has offices in West Orange, NJ and Melville, NY and writes surety in 21 states, specializing in Contractor Performance, Court Administrator, Property Subdivision and most other License, Permit and Contract Bonds.

11/26/2019

Are you looking to expand your business? Do you want to bid on a county, state or Federal government contract?
The Small Business Bonding Readiness Assistance Program (SBBRAP) may provide the key.

Attend the upcoming outreach session on Tuesday December 3rd 6-8pm Middlesex County College, 2600 Woodbridge Ave, Edison NJ.

11/26/2019

Stephanie Wernick of Service Insurance Company honored!

Special Olympics New Jersey honors athletes, partners at annual dinner
PIANJ President Bruce Blum, CPIA; PIANJ Vice President Thomas Wilkens; and NJYIP Director Stephanie Wernick attended the Special Olympics New Jersey Awards Dinner last week, in East Brunswick, on behalf of the association. Some 600 people gathered to celebrate the accomplishments throughout the year by SONJ’s athletes, as well as the dedication and commitment by individuals involved throughout 2019. The event also honored SONJ’s partners. To date, PIANJ and NJYIP have raised more than $4 million for SONJ.


(L-R) Stephanie Wernick with Bruce Blum


https://www.pia.org/COMM/email/weekly/20191126NJ/weekly.htm

07/08/2019

The Service Insurance Company is proud to celebrate the One Year Anniversary of the Long Island office, located at 35 Pinelawn Road, Melville, NY! Congrats to James, Peter and Nora for a successful first year.

09/26/2018

James Burger will be instructing a complimentary three (3) CE credit class "Contract Surety: a Practical Understanding and Introduction" Wednesday, October 31, 2018 at Crowne Plaza, 2055 Lincoln Highway, Edison, NJ 08817 8:30AM to 12PM, open to all NY and NJ licensed insurance agents, producers and agency customer service representatives. Breakfast is included.

The course offers an overview of the surety bond underwriting process and provides strategies used to establish long term, profitable bonding relationships. Case studies and industry trends are among the topics to be shared and discussed.

The course is designed for anyone seeking to gain a stronger understanding of contract surety bonding, offering insights into the many risk factors present in bonding, and demonstrates ways to recognize and avoid pitfalls.

This course would be an excellent resource for commercial producers, marketing staff and customer service representatives, the attendee will be able to step up their knowledge of surety from a practical standpoint, and will gain a better understanding on how to help clients attain bonding success.

For more information and to register https://conta.cc/2xAln1S or contact James Burger [email protected] (973)731-7650

At Crowne Plaza, Edison Wednesday, October 31, 2018 at 8:30 AM Eastern Daylight Time