Surety Bonds: The Hidden Gem For Insurance Agents Agents who leverage quality surety brokers can profitably write surety bonds and generate leads for other insurance lines. Surety bonds offer insurance agents a unique opportunity to differentiate their agency by providing an essential business product that can lead to many other insurance selling opportunities. The problem? …
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August 26th, 2020 Colorado Auto Dealer Bonds Just Got Even Less Risky We have uploaded a blog post to Suretypedia, a wiki based site that contains valuable information for insurance agents seeking to learn more about bonds. The article details the effects that new legislation passed in Colorado will have on consumers’ ability to recover …
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August 25th, 2020 New Opportunity for Alabama Insurance Agents – Auto Dealer Bond Increases to $50,000 In an effort to combat Motor Vehicle Dealers from illegally selling faulty vehicles by acting as private sellers, a practice known as curbstoning, Alabama has passed House Bill 393 which increases the surety bond requirement from $25,000 to $50,000. The …
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Insurance Agent’s Guide to Surety: What is a Surety Bond? In the world of insurance, most of the time you’re processing policies for clients in a fairly well-established pattern. Make sure your customer’s business license is current, confirm their credit standing, and then find the risk profile for their line of work to make sure …
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