How Long Does It Take To Get Bonded?
Depends on the type of bond and information required. Most of our bonds are instantaneous while others could take 1-2 business days.
Where can I purchase a bond?
Our products are available in all 50 states.
What is the rating of your carriers?
All Propeller carriers are A rated.
How do I get my business bonded and insured?
For insurance, reach out to your insurance agent. For bonds, you can find your bond, complete the application, pay for and receive your bond all through your agent's propeller website.
How will I pay for my bond renewal?
You will be sent a email prior to your renewal to pay for an obtain your renewal bond. If you are enrolled in autopay the card on file will be charged for the bond and it will automatically renew.
Why Use a Surety Bond instead of a Letter of Credit?
Because it is required by statute. But also, you can free up your letter of credit for other things.
What happens if there is a claim filed on my bond?
The surety will get notified by the Obligee that they are claiming on the bond. A claim does not automatically mean a loss. The surety will work with the Principal to try and resolve the issue or reason for claim before paying out any money.
What do I do once I receive the “Congrats on Your Bond Purchase“ email?
This will have your bond documents. In most cases you need to sign the bond and then turn it in to the Obligee (entity requiring the bond).