South Carolina Auto Dealer Bond: A Comprehensive Guide This guide provides information for insurance agents to help new and pre-owned car dealership owners on South Carolina Auto Dealer bonds. At a Glance:Lowest Cost – Based on Business Owner’s Credit$30,000 Bond: $150 per year or $15 per month$15,000 Bond: $100 per year or $10 per monthBond …
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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Texas Auto Dealer Bond: A Comprehensive Guide For Insurance Agents This guide provides information for insurance agents to help their customers obtain a Texas Auto Dealer bond At a Glance: Lowest Cost: $131.25 per year or $14 per month Bond Amount: $50,000 Who Needs It: All dealers who seek to buy, sell, or exchange motor …
North Carolina Auto Dealer Bond: A Comprehensive Guide This guide provides information for insurance agents to help new and pre-owned car dealership owners on North Carolina Auto Dealer bonds. At a Glance: Lowest Cost: $250 per year or $25 per month Bond Amount: $50,000 for one location, $25,000 for each additional location Who Needs It: …
California Auto Dealer Bond: A Comprehensive Guide For Insurance Agents This guide provides information for insurance agents to help new and pre-owned car dealership owners on California Auto Dealer bonds. At a Glance: Lowest Cost: $50,000 Retail Dealer bond: $400 per year or $40 per month $10,000 Bond: $100 per year or $10 per month …
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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Virginia Skill Game Bond – Opportunity or Peril We recently published our first article as a contributor to Suretypedia, a great resource for insurance agents looking for information on bonds. The article focuses on a new hard-to-place bond in Virginia for skill game operators/distributors. The initial bond is due July 10, 2020 in amounts ranging …
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 bonding. This program provides an outlet for these contractors to obtain a bonding line for projects up to $6.5M by …
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 of $25k combined single-limit liability coverage including bodily injury and property damage and $10k personal injury protection) with their license renewal every year by April 30th. How Can …
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 of 50k/100k/25k or single limit of $125,000) with their license renewal every even year (2018, 2020, 2022,..) on March 31st. The surety bond must be effective for 2 …
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