ES&ISI has seen many changes in the Insurance Industry in the past couple of years. Rates for General Liability Insurance have decreased dramatically. General Liability Insurance has softened to the point where the rates should be at bottom now. Carriers are competing with each other and cutting each others rates.

We believe a lot of the pricing is economically driven. There are less accounts to go after, market breadth has decreased. Insurance Companies are positioning themselves very aggressive with rate cutting platforms in order to write the business

On the other hand Workers Compensation rates have held strong. Overall, Work Comp rates have gone up 15-20% in the past 18 months. Work Comp carriers are tightening up on their underwriting, underwriting guidelines have become much stricter. Overall claims payments are going up especially related to Medical costs and lost time claims.


Performance & Payment Bonds have also tightened up due to Increased Bond claims and customers credit worsening. The market for bidding public works projects is extremely competitive. Some bids have up to 15 bidders. Some bids are going for cost or less. Some contractors are going after market share and trying to keep their employees busy and productive. Most contractors can’t qualify for bonds over $250,000. If a contractor needs bonds higher than $250,000 then a full submission needs to be submitted including two years of business Financials Personal Financials Etc.

Easterly Sureties Services Include:

CONTRACTORS-We write all types of contractors/Complete Package
Policies. We analyze construction contracts including hold harmless language.

DEVELOPERS & General Contractors & General Engineering/Any type of project
Artisan Contractors/Subcontractor including New Tracts and New Condos
Tailored Wrap policies

ENVIRONMENTAL Contractors & Consultants. GL/Pollution/Professional Liability, Bonds
Work Comp, Commercial Auto We provide the MCS-90 endorsement

BUILDING & Property Owners, Commercial Accounts-We can write any type
of commercial property in the State of California-we write properties in SF age is not an issue.