Do you hate surety bonds?
Does this sound familiar?
An insured needs a “bond” so you go to your surety market that pays the highest commission. When you finally get through the automated phone system, they send you a PDF application, and two days later decline, leaving you to either give the bad news to your customer or find another carrier to start the process all over again and hope for the best.
Reflecting on this problem, we created BondExchange.
So what exactly is BondExchange? The 5-second elevator pitch is that BondExchange allows insurance agents to quickly quote and issue surety bonds through our online platform or over the phone with a live underwriter. However, we’re so much more than that.
We will write every bond for every customer in your book.
You don’t need any surety knowledge or experience.
Our systems and underwriters will walk you, or your customers, through the entire process.
You always get paid a commission and never have to pay to use the service. In fact, we will even pay you commissions on bonds purchased directly on our website by insureds in your area and refer them to you.
Our underwriters have developed exclusive programs for every type of surety bond in the United States. We declined just 0.77% of the more than 60,000 bond applications received in the past year.
Our in-house software engineers automated the surety application process from quoting to issuing and filing the bond, an online experience that has received 5-star reviews from over 4,000 insurance agents. For any bonds that are not auto-approved online, we have 17 underwriters ready to review complex applications and answer your questions.
We attract over 500,000 unique visitors per year to our website, which we programmed to connect our agents with insureds who buy bonds directly from us.
You read that right – we pay you commission on business that we market and close and give the customer to you.
Our sole focus is helping insurance agents with their Surety needs and becoming their in-house bond department. We support you with your bond accounts so you can focus your time and resources on your primary lines of business.
Gain access to BondExchange today (it’s free and takes seconds), and let us turn surety into a consistently profitable product line for your agency.