Legal & Regulatory Compliance Data on Surety Principles

Estimated Data Value: $400k / yr

Introduction: Do you have access to data on legal histories, regulatory compliance, or dispute information? If so, there’s an opportunity to monetize your data in the surety bond industry. While many data providers may not be familiar with surety bonds, companies in this space are eager to purchase information that helps them assess the legal risks of the principals they underwrite.

What Data is in Demand? Surety companies are looking for data that offers insight into individuals or businesses that could be involved in surety bond agreements, such as contractors or companies engaging in large projects. Key data points include:

• Legal History: Past lawsuits, criminal actions, and disputes involving potential surety bond applicants.

• Regulatory Compliance: Records of any fines, sanctions, or violations.

• Dispute History: Data on contract breaches, settlements, or unresolved claims.

• Lawsuit Patterns: Comprehensive views of involvement in legal cases, whether as a plaintiff or defendant.

Who is Buying This Data? Surety bond companies, underwriters, and risk assessment firms are interested in this data to help them:

• Improve Risk Assessment: Legal and regulatory compliance data provides a more accurate understanding of the risks associated with underwriting a bond for a principal.

• Make Confident Decisions: Surety companies can make better-informed choices by accessing comprehensive legal and regulatory histories.

• Mitigate Potential Losses: Understanding a principal’s dispute history helps avoid contracts that could lead to legal challenges or disputes.

Why Now? The demand for this type of data is growing rapidly as surety companies face increasing pressure to manage legal and financial risks. As more industries require surety bonds, companies are looking for detailed data to assess external risks. Providers who can offer comprehensive datasets now have the opportunity to secure high-value deals with these buyers.

Get Involved: If you have access to legal or regulatory data related to businesses or individuals that could be involved in surety bonds, we want to hear from you. Let’s collaborate to explore how your data can fulfill this growing need and help shape the future of risk management in the surety bond industry.

Got this data? Shoot us an email.

1  _{This figure was calculated using a combination of factors that include market size, size requirements, and scarcity and is an estimated value. The value reflects the total across all potential buyers, and is not reflective of a single deal.}