Your managing general agency is your most important business partner as a surety bail agent. The right MGA helps you write more bonds with less hassle. The wrong one costs you bonds, ties up your cash and leaves you on your own when problems come up. Here's what to compare.
1. Power delivery speed
If you're out of powers, you can't write. Ask how quickly power orders are filled and delivered. At Bobcat Surety we offer next-day powers so you're never stuck waiting.
2. Build-up fund terms
BUF terms directly affect your cash flow. Compare withholding rates, caps, how losses are charged and how funds are released. Our guide What Is a Bail Bond Build-Up Fund? lists the questions to ask.
3. Real, reachable support
Forfeitures, paperwork questions and tough bonds don't wait for a convenient time. Find out who you'll actually talk to when you call, and whether they know North Carolina bail.
4. Experience and stability
How long has the MGA been in business? An agency with a long track record has seen market cycles, regulatory changes and every kind of bond. Bobcat Surety has served bail agents for 30 years.
5. Carrier relationships
Your bonds are only as strong as the surety behind them. Ask which carriers the MGA works with and how long those relationships have lasted. Bobcat Surety works with multiple established carriers and covers the details during contracting.
6. Reporting and paperwork
Ask how reporting works, what's expected each month and how easy the MGA makes it. Simple, predictable reporting saves you hours.
7. Fit for your stage of business
A newly licensed agent needs different help than a high-volume agency. Look for an MGA that will grow with you.
Compare us
We're glad to be measured on all seven. Apply online in about five minutes, or call (866) 662-8337 to talk with our team.