RLI Insurance Company filed an initial rate of $20 per $1,000 of bond penalty for a new Preferred Surety Bond program for small businesses, with an April 15, 2026 effective date. The offering supports contract bonds issued through the SBA’s Surety Bond Guarantee Program, which reduces risk for sureties and expands access to bonding for small contractors.

The filing introduces a new product line for RLI with no rate impact. The rate was benchmarked against other participating carriers and may also reference Cincinnati Insurance filings. Minimum premiums are $100 for standard contract bonds, $250 for collateralized bonds (fully earned), and $100 for certain bid bonds without a follow-on performance bond.

A similar filing was submitted in Hawaii.