The Partnership Account™
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The Partnership Account™ is a direct credit agreement between you and Colonial Surety Company.
This revolutionary on-line surety management system is designed to improve our customers business
and to simplify the surety relationship.
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Online Features |
Execute your own bid bonds.
Direct on-line ordering of performance bonds.
Direct monitoring of your uncompleted work as reported by the owners of your bonded jobs.
On-line updating of actual work in progress.
Direct communication with the underwriter and personal bond administrator.
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How the Partnership Account™ works |
The Partnership Account™ is your surety "line of credit". By establishing a Partnership Account™,
you have direct control over your credit activity. You connect to your Partnership Account™ using
Colonial Surety's secure website. Partnership Account™ clients are supplied with a bond issuing
kit, along with a Colonial Surety Company corporate seal. Much like your company's bank or
checking account, you now have the flexibility to print and execute your own bid bonds. |
Execute your own bid bonds |
Why does Colonial allow its contractor clients to execute their own bonds? Simply because
we trust them. Your surety line of credit now becomes your company’s bond checking account.
We believe that you should have direct control of your own credit activity. We do not find a need
to use a third party to monitor your surety activity. Since we do not sell insurance, we are not
interested in using surety as the traditional leverage to write unrelated business insurance. |
