Understanding Bid Bonds and Performance and Payment Bonds: The Complete Guide for Insurance Agents https://www.youtube.com/watch?v=rr-hTS8AiPY Whether you’re a recently licensed insurance agent or a seasoned veteran of the industry, surety bonds, and particularly bid bonds and performance and payment bonds can be confusing. Between the legalese of the contract language and the internal jargon of …
SBA Surety Bond Guarantee Program Explained The Small Business Administration’s (SBA) Surety Bond Guarantee Program (“SBG Program”) allows small contractors to qualify for surety bonds on projects with a total project cost of up to $9 million for non-federal jobs and $14 million for federal contracts. The purpose of the SBG program is to “set-aside” funding …
Fall 2024 Scholarship Winner: Caroline Craig The BondExchange Scholarship is an essay contest that seeks to help currently enrolled college students and high school seniors pay for their education by awarding one student per semester $1,000 in financial assistance. The Fall 2024 BondExchange Scholarship recipient is Caroline Craig, a student at The University of Lynchburg …
Embedded Insurance: Convenience at the Expense of Quality The year is 1925, and in a lobbying campaign so bold that it would make modern players blush, lawyers for Chrysler and Palmetto Fire Insurance Company are attempting to force their new partnership past a slate of skeptical state Insurance Commissioners and into the threshold of legality. …
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BondExchange Lowers Rates on Florida Dealer Bonds Your auto dealer clients continue to suffer from supply chain issues and inflationary pressures, painting the picture of a turbulent economy. While trends may seem positive for franchise dealers through the end of 2024, used dealers continue to struggle. This slough of operational and market pressures is enough …
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Leverage High-Tech Specialty Brokers for Unfamiliar Products Picture this: A new customer walks into your office in need of coverage. They own a successful small business and will continuously require your services for years to come. The customer asks for a quote for general liability insurance and business income coverage. Easy stuff: you write and …
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BondExchange Lowers Rates on Freight Broker Bonds Economic turbulence coupled with a surge in fraudulent activities has led to fewer insurance companies willing to offer the Freight Broker Bond and higher bond premiums for freight brokers. In response to these challenges, BondExchange is actually lowering rates and expanding capacity for freight brokers through ongoing enhancements …
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Webinar Recording – Become a Master of Contract Surety In this webinar, BondExchange team members Taylor Mullen and Charles Seinsheimer provide agents with everything they need to know to profitably quote and issue Contract Surety bonds. https://youtu.be/Lw40MDhbX3E Gain Access to BondExchange We’re More Than Just Instant Issue
Webinar Recording – Become a Surety Pro In this webinar, BondExchange team members Taylor Conley and Benton Lietz provide agents with everything they need to know to make surety bonds a profitable product line for their agencies. https://www.youtube.com/watch?v=Mf-3vuiqmMI Gain Access to BondExchange We’re More Than Just Instant Issue
Spring 2024 Scholarship Winner: Patrick Foulis The BondExchange Scholarship is an essay contest that seeks to help currently enrolled college students and high school seniors pay for their education by awarding one student per semester $1,000 in financial assistance. The Spring 2024 BondExchange Scholarship recipient is Patrick Foulis, a student at Assumption University studying computer …
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