We are not a market, but rather an MGU platform that aggregates several markets and automates the entire surety purchase process for instant bond issuing. We white label a free URL for your agency, and any bond purchased through your link is your commission and your relationship.
The URL is FREE to Agents, and Propeller pays standard commissions for every bond purchased.
You will receive HelloSign documentation that will be an agreement very similar to any carrier relationship, allowing us to pay commission. Appointments will be issued same day after we receive the completed HelloSign documents and documentation requested (W-9, Copy of Agency License, E&O dec page, ACH Direct Deposit Form, Signed Propeller Agreement).
We receive an override from our carriers. We are able to seed the lion’s share of the commission (30%) to our agency partners solely stemmed from the cost-effective technology we have implemented.
If there is a loss - NO! Your current book of business will remain unaffected.
We pay agents in real time (on a monthly basis) therefore, we do not have a contingency agreement with our carriers or agency partners.
Our products are available in all 50 states.
All Propeller carriers are A rated.
No. Currently we only sell bonds through our agency partners.