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Spring 2023 Scholarship Winner: Polina Burkhard

Spring 2023 Scholarship Winner: Polina Burkhard 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 2023 BondExchange Scholarship recipient is Polina Burkhard, a student at Oakdale High School in …

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BondExchange Automates the SBA Surety Program

BondExchange Automates the SBA Surety Program The Small Business Administration’s (SBA) Surety Bond Guarantee Program (SBG program) has helped countless up-and-coming contractors secure bonds they otherwise would not qualify for. However, obtaining these bonds is often a time-consuming process that causes headaches for agents and can lead to contractors missing out on bids. With this …

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BondExchange Automates Contract Surety

BondExchange Automates Contract Surety   Contract bonds account for the majority of surety bond premiums written, provide agents with significant cross-selling opportunities, and can generate large commission checks. However, obtaining a quote on these bonds has always been mired by the constant back-and-forth needed to collect underwriting information. And while we made it our mission …

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Remote Online Notarization

How Will Remote Online Notarization Affect Surety Bond Demand?

How Will Remote Online Notarization Affect Surety Bond Demand? September 19, 2022 Until 11 years ago, every notarization had to be conducted with both the signee and notary being physically present in the same room. In 2011, Virginia passed SB 827 and HB 2318, allowing notaries to perform their duties online remotely. Now, 44 states …

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BX Rider Tool

New BX Tool Allows Agents to Issue Riders For Surety Bonds Online

New BX Tool Allows Agents to Issue Riders For Surety Bonds Online Mid-term changes to surety bonds have long been a cumbersome and unprofitable affair for insurance agents. Whether your customer needs their business name or address changed on their bond or they need to change their bond’s term, the process of issuing a rider …

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Fall 2022 Scholarship Winner: Theodore Lin

Fall 2022 Scholarship Winner: Theodore Lin 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 2022 BondExchange Scholarship recipient is Theodore Lin, a student at UMass Amherst studying civil …

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