Assist your insured 24/7 with the new bond link on the MIBS website!
Now, license and permit bonds can be obtained directly for your insureds- making the process simpler and faster!
With this great new feature, you have:
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No Application Submission Required
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24/7 Access to the Link
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MIBS Representative Support Contact MIBS if you need assistance with this tool
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Opportunities to sell other lines of insurance while obtaining a bond– Use the bond tool as a chance to sell other coverage. For example, contractors when they need a license and permit bond can lead into other lines such as general liability, professional liability, workers compensation and more.
This link is now available on our website!
Please click below for a step by step guide to use the new link or contact MIBS directly for assistance.
You can obtain a variety of other bonds by contacting MIBS directly such as Erisa, Notary, Bid & Performance bonds, Financial Responsibility bonds, State bonds for Roofing license and more.
Frequently Asked Questions:
When Does Someone Need To Be Bonded?
This is usually when you are required by a Village, Municipality, State, Local or Federal Government. These are usually where the demands come from however, there are other types of bonds such as Financial Instrument bonds and occasionally we get involved in Guarantee Payment bonds for construction jobs, money transfers et. Most typically we see these coming from our construction industry when they are parking equipment on public roadsides, an undermining parkway areas or city sidewalks. Furthermore, for example, a village public works is going to build a new library and would require all contractors to provide bonding when you’re dealing with public tax payer’s money.
What happens when the bond is expiring?
The insured will receive notice prior to expiration of a bond. At that time, they will have the option to pay for the bond so it renews or they can choose not to pay for the renewal and let it cancel. If they let it cancel, they can always create a new bond online when needed.
What type of bonds are available through MIBS?
You can obtain a variety of bonds directly through MIBS such as Erisa, Notary, Bid & Performance bonds, Financial Responsibility bonds, State bonds for Roofing license and more…. A variety of License and permit bonds, the most common type of bonds requested, will now be available on our website.
What is the benefit to the new online bond feature?
You can now assist your insured 24/7, expediting their request for a license and permit bond online. They will receive the necessary documents that they need directly from the site and you will no longer have to fill out the form!
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