Veracity’s Insurance Canopy now offering surety bonds

By Chris Munro

May 5 - (The Insurer) - Insurance Canopy has brought a new surety bond offering to market, with the small business-focused liability specialist distributing the product through its online platform.

Pleasant Grove, Utah-based Insurance Canopy, which is part of MGA platform Veracity Insurance, said its surety bond offering is available to qualified applicants across the U.S.

The new offering is available to professionals operating in industries such as auto dealing, cleaning, construction, health and wellness, landscaping and liquor sales.

Insurance Canopy’s new surety bond offering has been launched in partnership with Propeller Bonds, a digital platform that partners with carriers to deliver a wide range of offerings across all 50 states.

“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,” Insurance Canopy explained.

Through the tie-up, Insurance Canopy is offering three types of bonds.

Contract bonds which ensure jobs are completed as promised, fidelity bonds that protect clients from employee theft, and license and permit bonds which fulfill legal insurance requirements.

“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,” Jonas added.