Commercial Lines

Demand for surety bonds remains strong thanks to federal government legislation funding construction and other growth areas such as fraud mitigation.

The soft market for bonds has been underpinned by sufficient reinsurer capacity and new surety company entrants into the market. However, there are some indications that the market is hardening.

If you’re not offering your clients the bonds they need to comply with local, state and federal requirements, one of your competitors will.

By understanding the ins and outs of an ERISA bond and what it protects against, independent agents can better position themselves to offer this important coverage.

Thanks in part to federal infrastructure spending, the commercial surety market is booming in the U.S., which has triggered a steady flow of work for contractors and an equally satisfying demand for commercial bonds.

Here’s how an agent can to explain this unique requirement to their surety clients.

Here’s what instant issue really means, as well as insights on the underwriting capabilities agents should actually care about.

“Long-lifecycle customer relationships are how agencies can drive profit,” says independent agent Ross E. Johnson. “Those are built on strong service relationships from knowledgeable people for long periods of time.”

Experts outline the differences in coverage and scope.

Here are five types of bonds that many agents miss out on writing, plus how to find opportunities to offer them.