What is an Insurance Premium Finance Company Bond?
In order to ensure lawful business practices and compliance with jurisdictional rules, insurance premium finance companies must post surety bonds. The bond is a type of financial security that provides assurances for both the company and its customers in case something goes wrong during the transaction or if they violate any state laws.
Need a GA – Insurance Premium Finance Company $25,000 Bond?
A bond is a type of insurance that guarantees the performance of an agreement or contract. It's also known as suretyship, which means to provide security on behalf of another person. Swiftbonds provides bonds in all 50 states and Washington D.C., so we can help with any project you're working on!
We offer many types of bonds including construction, public work, contractor’s license and permit, liquor license, gaming license, and more! Our customer service team is here to answer any questions you may have about our products or services. Contact us today for more information!
Click this right now to learn more about how Swiftbonds can help your company get bonded today!
Why is the Insurance Premium Finance Company Bond required?
Businesses must purchase a bond to activate their license or permit. This guarantees that if the business fails to comply with licensing and permit laws, they will be compensated by the surety company for any damages incurred due this negligence. Have a GA – Ignition Interlock Provider Center $10,000 Bond.
How does an Insurance Premium Finance Company Bond work?
Insurance Premium Finance Company Bond means you agree with the entity requiring it, called the obligee. Your surety company agrees to cover for you in case your clients or public make claims against their contract and need payment from your bond. If there’s ever any problems on either side of this agreement, only then will we get involved so that both parties can be satisfied. Read a GA – Commercial Third Party Tester $10,000 Bond.
How much does an Insurance Premium Finance Company Bond cost?
Insurance Premium Finance Company Bond is a type of surety bond that varies in cost and depends on the credit score of the applicant. Sometimes, personal or business financials may be required depending on what surety amount is needed for bonding purposes.
Can I get an Insurance Premium Finance Company Bond with bad credit?
Swiftbonds offers a wide-range of approvals, regardless of credit history or bad credit. One key factor in our success is that we are able to work with 99% of applicants who have been turned down elsewhere due to their poor financial standing. Our knowledgeable underwriting staff will make sure you get the lowest possible price for your bond no matter what personal circumstances may be preventing you from getting approved for other companies' bonds. Here's a GA – Health Spa Account Bond.
How to get your Insurance Premium Finance Company Bond?
Would you like to know the first step in getting your Insurance Premium Finance Company Bond? It's super easy! Fill out our quick online application and get a no obligation quote today. Our Underwriters will contact you within an hour of submission, or come chat with them on the phone for help applying. Find a GA – Grain Dealer Bond.