Whether it is a new or existing business client, all agents rely on annual renewed policies for a steady stream of income. These clients all have renewal deadlines to meet, insurance, surety and licensing. By combining surety sales with insurance, you round out the portfolio while establishing a pattern of future renewal income for both products. With South Coast Surety, once you make the initial sale, automatic renewals provide steady income without additional production.
Sharon Cooney, SCS Commercial Bond Specialist, identifies the most often sold commercial surety bonds. Many professions need license and permit bonds like insurance brokers, general and subcontractors, and mortgage brokers. Sharon explains, “One bond most in demand is the contractor’s license bond. We are also seeing more cannabis bonds recently. These bonds are required for cultivation, distribution and manufacturing.” California also has a great need for immigration consultant bonds. Used motor vehicle dealers and freight brokers are also high-volume bonds. “Essentially, any job that has some type of regulatory oversight will require bonding,” She explains.
Sign up today to add surety bonds to your broker product offerings!
South Coast Surety provides more to its brokers and agents. Commission is paid on new and renewing bonds. The more you refer the more you earn. As you sell more surety through South Coast, we increase your commission rate. Plus, broker commission is paid net, which means you get paid immediately!
For more information or to get a quote, call 1-800-361-1720.
South Coast Surety has been proudly providing surety support to all fifty U.S. states for twenty years. Starting out as a small agency with a dream in San Clemente, California, we have steadily grown into one of the largest bond-only agencies in the nation. We write all commercial bonds and contract bonds for every American business and industry. Our greatest achievement is helping our clients grow their business alongside our own through coaching and obtaining larger bonding limits at the best rates. We work hard for our clients and take pride in bonding businesses that have been declined by our competitors.