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Surplus Lines Broker Bonds

The governing body will require an insurance broker to have this type of bond in place. It covers the operations of the insurance broker and ensures they stay within the guidelines. Should the broker be found to be negligent in any way, a claim may be made against the surplus lines broker bond.

The current market

This is a fairly rare bond compared to many others of its type. Thus there are very few surety providers that cater for it. However there are a handful that deal specifically with surplus lines broker bonds. There has been little change in how the bonds are priced and dealt with in recent times.

Does your agency have a special program available for surplus lines broker bonds?

We can provide specialty programs for all manner of clients with less than perfect credit or histories. We also cater for principals with excellent credit histories who will qualify for the most competitive rates.

 
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