Insurance Broker Bond
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- What does an insurance broker bond cost?
- What is the process?
Apply and get approved on our website, sign the surety agreements, and we will ship the bond out.
- Will this cover a single agent or my entire company?
Some states require bonds of entire insurance broker companies, which guarantee all agents. However, some states require a bond per broker or producer. State bond requirements vary, so be sure to check our list below or ask the obligee for all states in which you operate.
- What types of insurance brokers need to be bonded?
Insurance adjusters, insurance agents, surplus lines brokers and 3rd party administrators all may need to be bonded to obtain a license. It is a good idea to check with the state, as all states have their own requirements. Also, take a look at our state requirements below.
- How long do I need to maintain an insurance agent surety bond?
For as long as you are operating as an insurance broker and hold an active license.