Why Surety Companies Ask For Social Security Numbers It’s a tale as old as time. An insured is in need of a surety bond, and when they go to fill out an application, they are prompted to input their social security number. Confused, they reach out to their insurance agent for clarification on why this …
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Introducing Automated Financial Underwriting Picture this: Your customer needs a high-risk surety bond with a large bond limit. You submit an application to your traditional surety carrier on your customer’s behalf and receive a response indicating that the bond will not be approved unless your customer provides financials. What ensues is an arduous series of …
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