Description
Review applications for surety and fidelity bonds to evaluate default risk and determine acceptance, pricing, limits, and terms.
- • Decline excessive risks.
- • Communicate with agents, principals, CPAs, and banks to obtain financials, quote premiums, and explain underwriting policies.
- • Evaluate potential losses from contractor default, obligee terms, or portfolio concentration.
- • For substandard risks, require collateral or stronger indemnity, adjust rates, set lower limits, or use co-surety.
- • Review records to track total bonded exposure for a principal and related entities.
- • Authorize facultative reinsurance or co-surety for large or high-risk bonds.
- • Analyze financials, WIP/backlog, bank lines, credit, and experience to assess character, capacity, and capital.
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O*NET occupational data (work activities, skills, knowledge).
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This site includes information from O*NET by the U.S. Department of Labor, Employment and Training Administration (USDOL/ETA), used under the CC BY 4.0 license. Career Clutch has modified some of this information for student readability. USDOL/ETA has not approved, endorsed, or tested these modifications. O*NET® is a trademark of USDOL/ETA.
Last reviewed: Jan 2026
