This surety bond ensures that the holder will file a sworn statement with the Superintendent of Insurance in January of each year showing the gross premiums charged for insurance procured or placed or canceled within the last year—including payment of 5% of the balance of those gross premiums (after deductions of return premiums). The required bond amount is $25,000. The premium on this bond is typically as little as $250.
To Secure an Ohio Surplus Lines Broker Surety Bond:
- Complete an online application.
- One of our expert commercial surety agents will call and email you with the firm quote and an agreement to sign.
- Provide payment and your signed agreement, then you will receive your bond!
** all bonds are subject to the underwriting terms and conditions of the issuing company.