What is a Surplus Lines Broker Bond?
You are required to get a bond as a surplus lines broker to protect your clients. If you do not follow all the laws and regulations of your state, a claim can be filed on your bond. If you would like to learn more about what surety bonds are and how they work, you can read our detailed guide here.
If you're unsure whether you need a bond, you can select your state from the list below to view the bond requirements.
What will your bond cost?
Bond costs are a small percentage of the bond amount and vary by applicant, bond amount and bond type. You can get a general idea of costs using our instant cost estimate tool. If you're ready for a firm quote, you can apply and get an exact quote instantly online.
Why our rates are so low
When it comes to surety bond insurance, there is safety in numbers. As the largest volume surety bond writer in the country, we are able to obtain the lowest rates from the strongest bonding company partners.
Frequently Asked Questions
Apply, get approved online, sign the indemnity agreement, pay on our website and we will ship your bond to you.
It depends on the state. Some states require brokers to obtain bonds individually, while others exempt brokers who operate on behalf of a bonded surplus lines broker business from the bond requirement. To find the bond requirements of the state in which you operate, view our state requirement list. If it is not listed, contact the state directly to determine their requirements as they may have changed.
Requirements are different from state to state. You will need to check with your state's insurance department to see what is needed to obtain a surplus lines broker license.
We have the forms on file. If do not have your bond, you need to get it from the obligee (the one requiring the bond).
You must contact us immediately, as we have a team of claim specialists here to find a resolution for you. Keep in mind, it is crucial that you work with an expert in the surety industry. Learn more about how to ensure you choose the proper bond company.
You can take a look at our full list of license and permit bonds.
