8 Tips to Increase Your Agency’s Surety Bond Business

This post is part of a series sponsored by Old Republic Surety.

There’s a significant surety revenue stream hiding within the average independent agency’s book of commercial business. Need clues? Here are eight to get you started!

Are you an independent insurance agent looking to increase your surety book of business? We suggest you start with your existing customer base. There is tremendous potential within your existing book of insureds for additional surety bond premium. You just need to know where to look:

You only write bonds for your insurance accounts. Do you know that many bonds, even small premium bonds, can be done quickly through Old Republic Surety’s e-SURETY^™ system? Once the bond is on your book, they often renew yearly with no effort. Perhaps writing a small bond for a customer will give you an opportunity to write the whole insurance package in future years.

The potential for independent insurance agencies to increase their surety book is within your own book of business. Contact an Old Republic Surety representative for more ideas on how to increase your surety bond premium. We wish you good luck with your efforts and hope to be able to help you with your surety needs.