BCA Insurance Ramps Up Surety Business Through Merger with Post Surety Bonds
04/15/2019 11:37 AM
BCA Insurance Group , an insurance brokerage firm in Marlton, has fully entered the surety bonds market with its merger with Post Surety Bonds, a 31-year-old construction bonds provider in Medford, N.J. BCA has also named Post Surety’s owner and president, Lisa A. Post, director of its newly formed Surety Division. The merger signals that BCA Insurance is now fully committed to the construction industry, providing a broad range of bonds and services to large, medium and emerging contractors as they bid for and complete public and private projects.These include contract bonds, probate/court bonds, site performance bonds, commercial surety bonds and miscellaneous bonds, along with such services as timely, accurate bond preparation, financial strength analyses and subcontractor review. “This is a very technical business and Post Surety - and Lisa personally - have the required knowledge base. She also has phenomenal relationships within the construction industry and with underwriters, who trust her,” said Lawrence D. Cohen, executive vice president of BCA Insurance Group. “With a good reputation, you can get things done, and this merger brings Lisa’s reputation and credibility to the BCA family and our clients.” Federal, state, and local governments and agencies require surety bonds in order to manage risk on construction projects and protect taxpayer dollars. Private project owners also stipulate bonding requirements on their projects, and general contractors may require subcontractors to obtain bonds. In today’s competitive construction environment, having strong surety support has a significant effect on the contractor’s ability to acquire work. “This merger will bring about positive changes for everyone, as it blends the years of industry expertise for which Post Surety has become known, with a well-established area leader in commercial insurance and employee benefits,” said Lisa Post. “While the Post Surety Bonds name will no longer exist, we can assure all our customers that the personal service they’ve enjoyed will continue and improve, with no interruption.” Ms. Post, a former town council member and mayor of Medford Township, N.J., is a member of many professional organizations, including: · Associated Building Contractors-NJ (ABC-NJ) · Associated Building Contractors-Eastern Pennsylvania (ABC-EPA) · Associated Construction Contractors of New Jersey (ACCNJ) · Philadelphia Surety Claims Association · Professional Insurance Association (NJ-NY-CT) · Utility & Transportation Contractors Association · Burlington County Chamber of Commerce About BCA Insurance Group Founded in 1954, BCA Insurance Group is a full-service independent insurance agency that provides all types of commercial and personal insurance including auto, home, and business insurance, with a focus on New Jersey, Pennsylvania and the Delaware Valley. Through our recent merger with Post Surety Bonds, BCA offers a wide range of surety bonds and related services for large and small contractors. BCA can also deliver and administer customized employee benefit programs for companies of all sizes. Our mission is to set the standard of excellence among insurance brokers, consultants and agents, and our team of industry professionals gives us the knowledge, experience, integrity, and resources necessary to provide you with the most comprehensive coverage in a cost-effective manner. BCA Insurance Group has offices in Marlton and Northfield, N.J. For more information visit www.bca-insurance.com or call 856-242-5479.