At The Bond Exchange, we truly excel at working with insurance agencies.
For some agencies, we simply work behind the scenes with your bond department or insurance personnel to help them access better pricing and underwriting conditions than what they can otherwise provide for your customers through their existing market relationships. We let you remain between us and your customer on an agency-bill basis. Upon receiving an order to bind, we send your agency an invoice showing the gross amount and your commission with the net amount due on the 15th of the following month.
For other agencies, we function as their bond department on a direct-bill basis. You simply introduce your customer to us and we take care of your customer like they were one of our own. We then send you a commission check for the referral of that new bond as well as any of its future changes and renewals.
Your agency earns the same commission rate whether you work with us in an agency-bill or direct-bill relationship.