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 framework upon which most insurance policies are built (i.e. an insured and insurer enter into …
What Are Surety Bonds and How Do I Explain Them to My Customers? Read More »
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 policies are actually very different animals. When you find yourself …
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, these core customers may need a niche insurance product that falls outside your expertise. For most …
3 Vital Questions to Ask When Your Customer Needs a Surety Bond Read More »
What is an Obligee? The term “obligee” trips up many insurance agents the first time they hear it. In regards to surety bonds, the obligee is the entity who is requiring your customer to purchase a bond. Surety bonds act as a three party contract between the principal (your customer), the surety company, and the …
Insurance Agent’s Guide to Surety: What is a Surety Bond? In the world of insurance, most of the time you’re processing insurance policies for clients in a fairly well-established pattern. Make sure your customer’s business license is current, confirm their credit standing, and then find the risk profile for their line of work to make …
Insurance Agent’s Guide to Surety: What is a Surety Bond? Read More »
Receive monthly content on bond updates, new features that can benefit your agency, educational materials, and much more!
