Surety

With the right carrier partners, agents can meet clients’ needs with the bonding assistance they may have previously shied away from offering.

“Be a student of the industry,” says independent agent Rodney Yates Jr. “If you don’t continue to learn, adapt and evolve, you will be left behind.”

The suite provides financial fidelity insurance solutions that complement a financial institution’s management and professional liability program.

The product aims to bridge a gap in the cyber liability market by providing tailored protection to smaller business owners.

The package includes coverages that protect the assets of the retirement plan and the personal assets of the business owners and others involved in the management of the plan.

Is it mandated that a company with a 401(k) plan must have fiduciary liability coverage if they already have an Employee Retirement Income Security Act of 1974 (ERISA) bond?

While the market remains extremely soft with ample capacity and positive growth projections through 2027, things may not be as rosy as they seem.

“I had no clue what surety or bonding was at first. Upon learning more, I knew it was the career for me,” says independent agent Ben Dycus. “The intersection of construction, finance and working with people to build meaningful relationships was what I wan

Agents can play a central role in identifying carriers and matching their surety appetite to their clients. Here are three ways agents can add value with surety.

The product covers financial losses from social engineering fraud, dishonest acts of an employee and unauthorized access by hackers.