If you’re working in the specialty insurance market as a surplus lines broker, most state insurance departments require you to obtain a Surplus Lines Broker Bond as part of the licensing process. At Blaikie Group, we help brokers across the country meet state regulations by providing fast, affordable Surplus Lines Broker Bonds. As one of the nation’s largest volume surety bond producers, we offer the lowest rates, expert guidance, and nationwide coverage.

What Is a Surplus Lines Broker Bond?

A Surplus Lines Broker Bond is a type of surety bond required by state regulators to license individuals or entities who place insurance policies with non-admitted (unauthorized) insurance companies. These brokers often work with high-risk clients or insure unique risks that traditional carriers are unwilling to cover. The Surplus Lines Broker Bond ensures the broker will comply with all applicable laws, properly collect and remit premium taxes, and maintain full transparency with both clients and the state.

This bond protects the public and the state from any unethical, fraudulent, or financially harmful conduct committed by the surplus lines broker.

Who Needs a Surplus Lines Broker Bond?

Any individual or agency acting as a surplus lines broker—also known as an excess and surplus lines broker—is typically required to obtain a Surplus Lines Broker Bond to become licensed. This includes:

• Insurance professionals placing policies with non-admitted carriers
• Wholesale brokers selling coverage that falls outside traditional insurance markets
• Firms specializing in commercial, environmental, or high-liability risk policies
• Agents placing hard-to-insure or unconventional risks

Each state has its own licensing and bonding requirements. Blaikie Group is here to help you navigate these requirements and secure the Surplus Lines Broker Bond you need to operate legally and confidently.

Why Choose Blaikie Group for Your Surplus Lines Broker Bond?

• Nation’s Largest Volume Bond Producer – We issue more bonds than most surety providers, giving us leverage with top-rated carriers and insight into every state’s regulations.
• Lowest Rates on Surplus Lines Broker Bonds – Our volume enables us to negotiate lower premiums, passing those savings directly to you.
• Fast, Free Quotes – Receive a no-obligation quote for your Surplus Lines Broker Bond in minutes.
• Same-Day Bond Issuance – Most Surplus Lines Broker Bonds can be issued within hours and delivered digitally.
• Dedicated Claim Specialists – Should a claim ever arise, our experienced team is here to support and advocate for you.

What Does a Surplus Lines Broker Bond Cover?

A Surplus Lines Broker Bond guarantees that the broker will:

• Comply with all state insurance regulations
• Accurately report and remit premium taxes to the state
• Disclose necessary information to clients and regulators
• Refrain from fraudulent or dishonest conduct

It is not a protection for the broker, but rather for the state and the insured public. The surety company issuing the bond may seek reimbursement from the broker if a claim is paid due to a regulatory violation or breach of duty.

How Much Does a Surplus Lines Broker Bond Cost?

The cost of a Surplus Lines Broker Bond varies by state, but bond amounts typically range from $10,000 to $50,000. Premiums generally fall between 1% and 5% of the total bond amount, meaning a $25,000 bond may cost as little as $250 per year for qualified applicants with strong credit.

At Blaikie Group, we work with multiple A-rated surety carriers to find the best rate for your Surplus Lines Broker Bond. Even if your credit is less than perfect, we have programs available to help you get bonded quickly and affordably.

State-Specific Requirements

Each state sets its own bonding standards for surplus lines brokers. For example:

• California requires a $50,000 Surplus Lines Broker Bond
• Texas mandates a $25,000 bond for licensed surplus lines agents
• Florida and other states base bond requirements on agency size or volume of business

Blaikie Group understands the nuances of each state’s licensing process and can ensure your Surplus Lines Broker Bond is properly filed and approved with the right agency.

How to Get a Surplus Lines Broker Bond

Getting your Surplus Lines Broker Bond with Blaikie Group is fast and easy. Our online application takes just minutes, and our licensed agents are available to answer your questions and guide you through the process. Once approved, we’ll issue your bond and send it electronically or directly to the appropriate licensing authority, depending on your state’s requirements.

Get Started Today

Don’t let bonding slow down your ability to do business. Blaikie Group makes the process simple, efficient, and cost-effective. Whether you’re a new surplus lines broker or renewing an existing license, we’ll provide the support and resources you need to stay compliant and focused on growing your business.

Request your free quote today and find out why thousands of insurance professionals across the country trust Blaikie Group for their Surplus Lines Broker Bonds.