Agent’s Guide to the SBA Surety Bond Program
What is the SBA Surety Bond Program? The SBA’s Surety Bond Guarantee Program helps small contractors, who would otherwise not be approved by a Surety company, obtain [...]
Agent Guide to Florida Used Car Dealer Insurance Requirements
What are the insurance requirements for Florida auto dealers? Florida used car dealers must submit an original $25,000 surety bond and proof of garage liability insurance (minimum [...]
Insurance Agent’s Guide to Georgia Auto Dealer Insurance Requirements
What are the insurance requirements for Georgia auto dealers? Georgia used car dealers must submit an original $35,000 surety bond and proof of garage liability insurance (minimum [...]
Hundreds of Surety Bonds Are Due for Renewal Between Now and the End of 2017. Is Your Customer’s One of Them?
Not all surety bonds expire on fixed dates; the vast majority expire one year after issuance. But with that said, there are a healthy number of licensing [...]
Make Surety Bond Renewal Painless for Your Customer with These 3 Helpful Tips
As a general rule, surety bond renewal is simpler than the initial application. But there are still some things to know that can help ensure the renewal [...]
How Much Will a Surety Bond Cost my Customer?
How much will a surety bond cost my customer? The cost (usually in the form of a one-time premium payment) for most surety bonds generally falls between [...]
What Are Surety Bonds and How Do I Explain Them to My Customers?
As an insurance agent, you spend the majority of your time matching insurance policies to customers. And it’s likely that your customers are already familiar with the [...]
How to Explain the 4 Key Differences Between a Surety Bond and an Insurance Policy to Your Customers
Surety bonds are misunderstood. Most people assume they work like insurance policies because they involve payments when things don’t go as planned. But surety bonds and insurance [...]
3 Vital Questions to Ask When Your Customer Needs a Surety Bond
If you’re like most P&C insurance agents, you rightfully focus on insurance lines where you can add value and that provide your customers with proper coverage. Occasionally, [...]
What is an Obligee?
The term ‘obligee’ is one that pretty much always trips people up the first time they hear it. In terms of surety, the obligee is generally a [...]