What is the Partnership Account® for Insurance Agents?
The Partnership Account® for Insurance Agents is an agreement between an insurance agent and Colonial Surety Company. The agreement provides a direct, digital process to our Insurance Agent Partners to refer and purchase Colonial products. Colonial Surety Company provides our Insurance Agent Partners with the Insurance Agency Dashboard (coming soon), allowing the insurance agency to quote and coordinate the purchase of surety, fidelity, and insurance products online instantly.
What products does Colonial offer?
Colonial Surety Company’s products include bid and performance bonds, license and permit bonds, public official, notary, employee dishonesty, and lost instrument bonds. Colonial is also a leading provider of ERISA fidelity bonds and fiduciary liability insurance for plan sponsors and pension professionals. Colonial’s court and fiduciary bonds include appeal and supersedeas, conservator, estate, referee, receiver, trustee, and guardianship bonds. Upcoming Colonial product releases include: Cyber Insurance, Employment Practices Liability Insurance, Professional Liability Insurance, and Business Operation Protection. All products are available instantly upon purchase and issuance for printing and e-filing.
What is the Insurance Agency Dashboard?
The Insurance Agency Dashboard (coming soon) is a real-time dashboard that allows insurance agents to manage their clients’ purchase of various surety, fidelity, and insurance products. The dashboard provides real-time monitoring of renewals, underwriting, claim alterations, management reports, referral fees earned, policy issuance, and much more.
Does Colonial Surety company pay a commission to Insurance Agents?
Colonial Surety Company pays a referral fee on each and every new and renewal transaction.
Why do Insurance Agents Partner with Colonial Surety Company?
There are many business reasons why agents partner with Colonial Surety Company. Colonial is rated “A” Excellent by A.M. Best Company, United States Department of the Treasury approved, and licensed in all 50 states and U.S. territories. Nearly all of Colonial’s products can be instantly purchased, issued, and renewed online. Colonial handles all of the underwriting, claims, and administrative services while the agent receives a referral fee on each and every transaction.
how do I become a partner?
create an account - login to the The Partnership Account®
receive a referral code
purchase insurance and bonds for your clients or send them your referral code