According to a recent article in Independent Agent magazine, now is a good time for agents to be in the surety bond business. With a significant amount of capital available, agents can take advantage of the surety market鈥檚 expanded capacity.
It begs the question of what independent agents should look for in a surety.
One important consideration is the surety鈥檚 financial strength. 鈥淚t鈥檚 a good practice to partner with sureties that match or exceed financial requirements and to avoid the possibility of bonds being rejected due to the financial strength of the surety providing the bonds,鈥� says Beth Harbeck, 探花精选 Surety regional vice president - commercial, who鈥檚 quoted in the article.