Surety

Innovating Surety Insurance

A unique approach to Surety utilizing asset-based underwriting to look beyond traditional financials.

Cobalt Specialty offers access to specialized surety bond solutions tailored to the specific needs of clients in mining, oil and gas, renewables, and other niche industries. We provide exclusive access to highly-rated, licensed Canadian paper in an industry segment where capacity is often insufficient to support the needs of Canadian businesses.

Our Surety Offering

  • Reclamation bonds for the mining industry
  • US Customs Bonds
  • Plugging and Abandonment bonds for the oil and gas industry
  • Other niche commercial surety bonds

    • Canada (CAD)

      • $32.5M per individual bond
      • $150M per principal

    • US (USD)

      • Federal: $11.4M per individual bond per principal
      • State:
        • $35M per individual bond
        • $175M per principal
  • AM BEST A (excellent) rated paper
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Industries Served

01

Precious Metals

Reclamation bonds for above and underground mine sites including gold, silver, platinum etc. 
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02

Critical Minerals

Reclamation bonds for above and underground mine sites focused on the 34 critical minerals currently identified in Canada including aluminum, cobalt, copper, graphite, lithium, potash, uranium etc.
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03

Soft-Rock Mining

Reclamation bonds for above and underground mine sties focused on oil shale, coal, salt, potash etc.
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04

Oil and Gas

Plug and Abandonment bonds for both onshore and offshore wells.
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05

Renewable

Reclamation bonds for hydroelectric facilities, solar farms, biogas facilities etc.
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06

Niche

Our team is flexible, creative and willing to work with you on any unique commercial or contract bonds you may have. Examples include but are not limited to waste management bonds, customs bonds, subdivision bonds etc. Contact us via email or phone to discuss how Cobalt can assist your company with customized insurance options to meet your needs.
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