until now, collection agencies had to join an association to access a program like this. Surety1's bond program for debt collectors is another example of Surety1 bringing value to its customers.
Sacramento, CA (PRWEB) March 25, 2013
Surety Solutions Insurance Services, Inc., (Surety1) has developed a new program for surety bonds for collection agency companies. Teaming with one of its "A" rated carriers, Surety1 can now offer bonds for collection agencies at a rate of 1%, regardless of credit*. Collection agency companies do not have to join an association or pay any membership dues to secure this low rate. The bond program is available in all states that require the bond, except for North Carolina**.
The surety bond application process is easy, with an on-line application and approvals within hours. Christine Boscacci, Vice President of Commercial Surety at Surety1 says, "until now, collection agencies had to join an association to access a program like this. Surety1's bond program for debt collectors is another example of Surety1 bringing value to its customers." There are 27 states that require collection agencies to post a surety bond as part of the licensing process.
Surety Solutions Insurance Services, Inc. is an independent insurance agency based in Rancho Cordova, California and licensed in all 50 states. Surety1 specializes in the placement of surety bonds and other specialty insurance products. Contact Surety1 through its website, http://www.surety1.com, by calling toll free, 877-654-2327 or by e-mail, info(at)surety1(dot)com
- Subject to underwriting approval, no credit check required up to $50,000 in surety bond liability.
** As of the date of this press release, the bond from required by the state of NC does not expire and does not have a cancellation clause. Until the state changes the form, the collection agency surety bond will not be available in North Carolina.