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When it comes to bid and performance bonds, most contractors obtain their bonds from bonding agencies. However, some may be dealing directly with bonding business and also not value the difference. Really, there are essential implications.

The distinction is considerable and essential for consumers to comprehend. The Relied on Selection (Independent Brokers) tagline is Cost-free To Do Exactly what's Right For You. That's the entire point: An independent broker is free to provide the products of lots of insurance policy/ bonding business, as well as find the one that's ideal for you at the same time. To place it merely, captive agents need to suit you right into among their business's items or risk not making an online sales.

At this point, it could all appear very clear. You understand the distinctions and also could have made a decision which you like much better: independent agent or captive. Now, the only point of confusion is to identify which you're handling.

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