Blog

Sports Wagering Bond

Hedging Super Bowl Bets? Sports Wagering Bond Spells Opportunity for Insurance Agents

Blog, sports wagering bond, surety bond / By

January 15th, 2021 Hedging Super Bowl Bets? Sports Wagering Bond Spells Opportunity for Insurance Agents Sports wagering, or betting, has always been a popular activity among fans. However, many bettors have historically been severely limited in regards to the avenues where they can legally place wagers on sports games. Until recently, Nevada was the only …

Hedging Super Bowl Bets? Sports Wagering Bond Spells Opportunity for Insurance Agents Read More »

Paycheck Protection Program

Major Changes to the PPP Explained

12 Comments / Blog, coronavirus / By

December 30, 2020 Major Changes to the PPP Explained President Trump recently signed into law the Consolidated Appropriations Act of 2021, which in part, allocates roughly $284 billion towards replenishing the Paycheck Protection Program. The initial PPP program was far from perfect, leaving some unfortunate businesses unable to secure funds. The businesses that did receive …

Major Changes to the PPP Explained Read More »

Surety Bond Basics - Underwriting Guide

Surety Bond Basics: Underwriting Guide

Blog, surety bond, underwriting / By

December 16th, 2020 Surety Bond Basics: Underwriting Guide As an insurance agent, you’re most likely familiar with the underwriting requirements for insurance products. The insurance company estimates the likelihood that an unexpected event will occur, and charges the insured a premium rate based on that assessment. Surety bond underwriting incorporates these principles, but unique to …

Surety Bond Basics: Underwriting Guide Read More »

surety bond claims

Insurance Agent’s Guide to Surety Bond Claims

2 Comments / Blog, surety bond / By

Insurance Agent’s Guide to Surety Bond Claims November 19th, 2020 As the first point of contact, insurance agents play a vital role in the claims process. Understanding the basics can improve communication with clients and lead to higher satisfaction and retention. Surety bonds have some unique characteristics that make the claims process different from most …

Insurance Agent’s Guide to Surety Bond Claims Read More »

nmls surety bond guide

Agent’s Guide to NMLS Surety Bond Filing

Blog, mortgage license bond, surety bond / By

Agent’s Guide to NMLS Surety Bond Filing November 12th, 2020 The Nationwide Multistate Licensing System (NMLS) is a platform used by many states as a licensing portal for mortgage and related financial services licenses. As an insurance agent, your financial services customers will be required to file their license applications, and corresponding surety bonds, through …

Agent’s Guide to NMLS Surety Bond Filing Read More »

surety bond vs letter of credit

Surety Bonds vs. Letters of Credit: The Ultimate Guide for Insurance Agents

Blog, surety bond / By

Surety Bonds vs. Letters of Credit: The Ultimate Guide October 22nd, 2020 Federal, state, and local governments require many businesses to obtain a license to ensure that they engage in ethical business practices. To protect the public should the business fail to do so, businesses are often asked to post a form of “financial security” …

Surety Bonds vs. Letters of Credit: The Ultimate Guide for Insurance Agents Read More »

residential performance bond

Residential Repairs from Hurricane or Flood Damage Might Need a Surety Bond

Blog, contract bond, surety bond / By

October 15th, 2020 Residential Repairs from Hurricane or Flood Damage Might Need a Surety Bond The 2020 hurricane season is underway and insurance companies and their agents are preparing for the ensuing damage and the insurance ramifications. In the aftermath, construction companies will play an important role in the repair of damaged buildings, many of …

Residential Repairs from Hurricane or Flood Damage Might Need a Surety Bond Read More »

surety bond questions

Surety Bond Cheat Sheet – 3 Questions to Ask Your Surety Bond Customers

Blog, surety bond / By

July 8, 2022 Surety Bond Cheat Sheet – 3 Questions to Ask Your Surety Bond Customers As an insurance agent, you’ve probably had thousands of conversations with clients counseling them on insurance needs. But what happens when the insurance product is something like surety bonds, a line of insurance that falls outside of your expertise? …

Surety Bond Cheat Sheet – 3 Questions to Ask Your Surety Bond Customers Read More »

Subscribe to Newsletter

Receive monthly content on bond updates, new features that can benefit your agency, educational materials, and much more!

Contact
Discover
Learn