UNSPSC 64122401: Commercial surety bond

Commercial bonding includes a range of commercially used surety bonds: License and Permit Surety, Fidelity Surety, Fiduciary Surety, Public Official Surety, Public Official Surety, Court bonds.

UNSPSC 64122401 Commercial surety bond, a Commodity code, encompasses insurance broker and agent services to secure property and liability coverage for state and local public entities. Based on recent solicitations, the code captures the procurement of comprehensive insurance market placement and policy administration rather than the issuance of surety bonds themselves — state and local governments use this code to solicit competitive broker and agent services that match their insurance needs across multiple carriers and markets. The issuing bodies under this code include school districts and other public institutions seeking to renew or establish multi-year insurance programs with professional market management and claims administration support.

Clarke County School District in Georgia issued RFP #26-0504 for Property and Liability Insurance (Insurance Markets) in February 2026, with market-request submissions due February 27, 2026 and full proposals due May 4, 2026. The RFP structure requires brokers and agents to request preferred insurance markets in priority order, with McNeary Consulting Services assigning markets to ensure each participant receives at least one of their top three choices while factoring brokerage volume with specific carriers. The resulting five-year contract will cover the district's property and liability insurance program effective July 1, 2026. No set-aside designations, incumbent vendor information, or specific budget figures are disclosed in the procurement documentation.