Insurance Canopy Launches New Surety Bond Program to Streamline Compliance for Small Businesses - Insurance News | InsuranceNewsNet

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April 29, 2025 Property and Casualty News
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Insurance Canopy Launches New Surety Bond Program to Streamline Compliance for Small Businesses

NewMediaWire

New Digital Bonding Service Offers Fast, Affordable, and Compliant Solutions for Professionals Across Dozens of Licensed Industries

PLEASANT GROVE, UTAH - April 29, 2025 (NEWMEDIAWIRE) - Insurance Canopy is excited to announce the launch of a new Surety Bond offering, now available through its efficient online platform. With this new offering, professionals in industries like auto dealing, cleaning, construction, health and wellness, landscaping, and liquor sales can now secure the bonds they need in just minutes, eliminating the paperwork and delays of traditional providers.

Like other Insurance Canopy offerings, surety bonds saves business owners time and offers peace of mind by providing:

  • Instant online application and quote generation

  • Same-day approval and digital bond delivery

  • Competitive pricing and expert customer support

  • Access to a wide range of bond types, including contract bonds, license & permit bonds, fidelity bonds/business service bonds

"Surety bonds open doors, whether it's landing larger contracts or meeting state requirements," said Joseph Jonas, Program Manager at Insurance Canopy. "By adding them to our offerings, we're giving customers a streamlined way to access the coverage they need to stay competitive - all in one place."

Insurance Canopy offers several types of surety bonds, each serving a different purpose:

  • Contract Bonds: Ensure jobs are completed as promised
    Examples: Bid Bonds, Performance Bonds, Maintenance Bonds

  • Fidelity Bonds: Protect clients from employee theft
    Examples: Business Service Bonds, ERISA Bonds, Financial Institution Bonds

  • License & Permit Bonds: Fulfills legal insurance requirements
    Examples: Notary Bonds, Liquor Bonds, Auto Dealer Bonds, Contractor License Bonds

A surety bond is a three-party agreement that guarantees a business will fulfill its legal or contractual obligations. To put it simply, it's a way to ensure businesses do what they say they will do. Insurance Canopy offers several types of surety bonds, each serving a different purpose.

This new service is powered by Propeller Bonds, a leading digital surety bond provider known for simplifying and modernizing the bonding process. By teaming up with Propeller Bonds, Insurance Canopy furthers its commitment to providing accessible, customizable, and legally compliant coverage solutions to entrepreneurs across a broad spectrum of industries.

The Surety Bond program is now live for qualified applicants nationwide. As states continue to increase regulatory requirements, Insurance Canopy ensures small businesses can stay compliant and continue business without delays.

About Insurance Canopy

Insurance Canopy provides customized liability insurance for solopreneurs and mobile businesses across diverse industries. Established in 2016, the company unites a traditional brokerage, an in-house agency, and a digital provider into one place, offering rapid, personalized quotes and consumer-direct policies through a user-friendly online platform. Fundamentally, Insurance Canopy is dedicated to helping small businesses secure the protection they need, with a genuine commitment to their success.

About Propeller Bonds

Propeller Bonds partners with top-rated carriers to deliver thousands of bond types across all 50 states. Their technology enables lightning-fast quotes, approvals, and digital bond delivery, making compliance easy and accessible for busy professionals.

Insurance Canopy Contact:Allan Diaz[email protected]
(844) 520-6993

Media Contact:Kyle PorterVirgo Public Relations
[email protected]
212-584-4289

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