You provide commercial surety as a service to your existing accounts but typically the penal sums are low and it's expensive to maintain in-house expertise for this specialized business. Every time you process a surety bond by hand, you lose money.
With FLEX for Surety Bonds™, you can turn your cost center into a profit center. FLEX automates the application and issuance process while maintaining rating and service consistency so you can transact more surety business with a positive return on your investment.
FLEX for Surety Bonds uses standardized, government-issued bond forms and issues continuation, endorsement, and cancellation certificates to manage your bonds throughout their lifecycle. FLEX also provides:
- Immediate issuance
- Obligee management
- Single or multi-year bonds
- Specimen copies
FLEX currently issues 70% of all carnet bonds and 35% of all lost document bonds sold in Canada. Our clients also use FLEX for Surety Bonds for:
- Bonded Air, Highway, Marine, and Rail Carriers
- Brewers and Wort Manufacturers
- Cannabis Licences
- Carnets (Single-Trip and Blanket)
- Contractors' Provincial Sales Tax
- Customs Bonded Warehouses
- Customs Broker Licenses
- Customs Sufferance Warehouses
- Excise Stamps (Tobacco)
- Freight Forwarders
- Fuel Consumers
- Fuel Distributors
- Fuel Dyers
- Fuel Exporters
- Fuel Importers
- Fuel Tax Collectors
- Interjurisdictional Fuel Carriers
- Non-Resident Sales Tax (GST/HST)
- Provincial Revenue Officers
- Release of Goods (Customs Brokers and Importer Direct)
- Spirits Licenses
- Temporary Importation of Goods (Customs Brokers and Importer Direct)
- Tobacco Licenses
- Additional Warranty Contracts for Motor Vehicles and Motorcycles Permits
- Adult Film Distributors
- Armoured Car Guard Service Businesses
- Auctioneers and Auction Sales Businesses
- Bailiff Agencies
- Bailiffs and Provincial Civil Constables
- Body Armour Vendors
- Burglar / Security Alarm Agencies
- Cemetery and Funeral Service Providers
- Charitable Fundraising Businesses
- Construction Contractors and Owner-Builders
- Consumer Protection
- Debt Collection Agencies
- Debt Repayment Agencies
- Direct Sellers and Vendors
- Driver Training Schools
- Electrical Contractors
- Electricity Marketers
- Employment Agencies
- Exemption of Account in Trust Permits
- Foreign Worker Recruiters
- Gas Contractors
- Grain Dealers
- Hazardous Waste Transporters
- Health Care, Diet and Fitness Centre Permits
- Home Inspection Businesses
- Immigration Consultants
- Insurance Agencies and Brokerages
- Insurance Agents (Direct Writers)
- Insurance Claims Adjusters
- Legal Professionals
- Livestock Dealers
- Locksmiths and Locksmith Agencies
- Mechanical Contractors
- Mortgage Brokers
- Motor Vehicle Dealers (Consignment, General and Wholesale)
- Motor Vehicle Recyclers
- Motor Vehicle Repairers
- Natural Gas Marketers
- Payday Lenders
- Personal Care Homes
- Points-Based Contracts
- Prepaid Contractors
- Private Approach Permits
- Private Investigation Agencies and Private Investigators
- Private Training Schools
- Real Estate Agents and Brokers
- Real Estate Salespeople
- Road Cut Permits
- Road Use Agreements
- Roofing Contractors
- Securities Brokers, Issuers and Salespeople
- Security Consultants and Consulting Agencies
- Security Guard Agencies
- Sidewalk Crossing Permits
- Surface Contractors
- Time Share Contracts
- Travel Agencies
- Travel Clubs
- Travel Wholesalers
- Valuable Goods Transportation Agencies
- Prequalification Letters
- Bid Bonds
- Agreements to Bond
- Performance Bonds
- Performance with Labour and Material Bonds
- Maintenance Bonds
- Contract Surety Facilities
- Administration
- Administration with Will Annexed
- Administration with Will Annexed and Property Unadministered
- Administration on Resealing
- Committee
- Executor
- Foreign Executor
- Guardianship
- Trustee
- Fixed Penalty
- Open Penalty
- Waiver of Probate