Surety Bond Research

adaptivemedia

New Member
1
Hello everybody, we are doing some research about surety bonds and were hoping some agents could help us by answering a couple quick questions about surety bonds and their business. We appreciate anyone answering and helping us! We have these questions about surety bonds:

1. When assisting clients, what factors help you decide from whom to get a surety bond? And why is that important?

2.What percentage of your business includes surety bonds? And what is the most common form of bond?

3. What do you consider is the most convenient way to receive information about surety bonds?

Thanks guys for the help.
 
1. Rates, commissions, and underwriting appetite

2. 100%. License & Permit bonds are most common, but performance bonds are most profitable.

3. Surety Bond Pro Tools - Services don't launch until the middle of this year, but the basic idea is a 100% free web application that easily installs on any website in minutes (looks like your proprietary bond software). It is a 100% paperless system that handles every aspect of suretyship for novices and experts alike. Agents can have full control or let the system handle everything for them. It works with every surety market in country and provides new market access that was previously limited to mega-brokers. Small bonds are usually approved instantly online and your clients can actually apply, pay, indemnify, and print their bond at their home or office in minutes. In other words, it's a game changer for the current marketplace.
 
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