More great solutions for small commercial insurance agents
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Propeller Bonds and Bold Penguin recently launched a partnership, further expanding coverage options on Bold Penguin’s Terminal product for small commercial insurance agents. This partnership is the first time the leading quote and bind solution will display appetite for surety bonds.
“We are thrilled to now offer surety bonds to our Terminal users. This carrier panel expansion helps elevate Bold Penguin as ‘one-stop-shop’ for an agent’s small commercial coverage needs,” said Nicole Farley, Vice President of Carrier Operations. “After speaking with the Terminal users who were needing a bond solution when supporting their SMB customers, working with Propeller became a top priority.”
Propeller Bonds is a digital managing general agent (MGA) equipped with a proprietary instant issue surety bond platform. The platform currently houses over 7,000 instant issue surety bonds. Propeller private labels the platform for agencies, allowing agents to either purchase bonds for clients or by empowering clients to purchase bonds directly. The company partners with highly respected "A" rated carriers.
"As a growing start-up company, we are extremely humbled and excited to be the surety solution offered through Bold Penguin's Agent Terminal. Streamlining policy issuance is a highly sought after process that both Propeller and Bold Penguin excel in when it comes to providing their agencies the best market resources available today. In partnering, we will make that process as easy as possible for insurance agents and brokers!" says Taylor Rutledge, Chief Growth Officer, of Propeller Bonds.
New to Bold Penguin? The new link to surety bonds through the Terminal is just the tip of the iceberg. Bold Penguin serves agents, carriers, networks, and channel partners through three additional products, including the Exchange, Storefront, and Analytics.
As insurtech industry leaders, Bold Penguin frequently shares news and insights. Stay tuned to the News for updates like these recent articles and releases:
Contact Bold Penguin with questions about accessing surety bonds through the Terminal, channel partnerships, or other ways to work together.
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Carlos Gonzalez-Avila, Small Business Insurance Specialist at Bold Penguin, provides insights on support for agents in the insurance business in this issue of 3 Questions.