No. Our program is designed to reward our agency partners from the first transaction. However, volume does improve your return – contact us for details.
Almost any you are likely to encounter. That said, the majority of our bond volume is in the more common Bid, Performance, Payment, and License & Permit Bonds common to the construction industry and commercial firms.
Many times contractors don’t realize that there are many avenues to improve their bonding program measurably, either by reducing their rates or expanding their per job and aggregate work program limits. They may have significantly improved their financial strength since their original program was developed. Or, the quality of their financial presentation can be improved. Business continuity may not have been adequately addressed. Depending on the specifics of their program desires, there are often simple, straight-forward steps which we can guide the contractor through which make all the difference to the surety. Also, the profiles of sureties can change over time – many times, a change of surety is all that is needed.
If approached in the right way and if the necessary documents are available, the process of bonding a contractor can go very smoothly and quickly. As a bond-only agency, we at Shorewest Surety Services have the expertise to lead your clients through the process as efficiently as possible. We know what is required and what is not – so time is not wasted. We can also explain to the contractor why different items are required and what options or alternatives are available. Finally, we free you as agent to concentrate on other insurance priorities, while providing your clients with the professional bonding expertise they deserve.
We do not require a contract or have minimum premium production requirements. However, because of our overall volume, we bring more surety markets to the table. We are happy to help your clients with all of their bonding needs, whether occasional or frequent. We would like you to view us as your own contract bond department whenever bond needs come up.
That’s simple. By outsourcing, an agency can trade in their current equations of “Profits = Revenues less Costs” and “Value = Profits less Headaches” for a straight commission for referral of business. Simple and clean, leaving each of our teams focused on what we do the very best.