The bond guarantees that Alabama licensed surplus lines brokers will operate in accordance with the applicable government rules and regulations.
An Alabama surplus lines broker bond is required by the State of Alabama as a prerequisite for any licensed surplus lines broker to legally conduct business in the State of Alabama. The bond guarantees that the surplus lines broker will operate in accordance with the applicable government rules and regulations.
All surplus lines brokers who do business in Alabama are required by the State of Alabama to obtain a bond.
A $50,000 surety bond for all surplus lines brokers is required by the State of Alabama from a surety company authorized to conduct business in Alabama.
Colonial offers the direct and digital way to obtain an Alabama surplus lines broker bond. We are the insurance company — which means no agent, no broker, and no middleman. We make it easy to obtain your bond instantly. The steps are simple — get a quote online, fill out your information, and enter your payment method. Print your bond from your home or office. It’s that simple!
An Alabama surplus lines broker bond is reasonably priced and easy to obtain. You may notice that with other insurance agents and middlemen companies, your premium rate will fluctuate and include additional hidden fees and costs. Colonial offers our lowest possible rate. Premium is based on the amount of the bond required by the applicable government agency.
It is important to understand how surety bonds work, and who is the insurance company issuing your bonds. It is easy to obtain an Alabama surplus lines broker bond when you deal direct with a quality insurance company licensed to write surety bonds. Colonial is an A (Excellent) rated insurance company by A.M. Best, that has been incorporated since 1930. We are Treasury listed, and licensed and admitted in all U.S. states and territories.