BOSS Bonds and Kingdom Bonding Collaborate to Launch SuretyBonds.Market Platform

BOSS Bonds Insurance Agency, a subsidiary of General Indemnity Group (GIG), has formed a partnership with Kingdom Bonding of Fairfax, VA to deploy the SuretyBonds.Market (SBM) platform. The SBM platform, developed by BOSS Bonds, is an advanced technology solution designed to streamline the surety bond process for insurance agents.

The platform allows agents to manage and monitor clients' bonds throughout various stages, from application to renewal. This deployment is expected to enhance operational efficiency and provide superior support to insurance agents, ultimately benefiting their clients.

Rick Bredow, head of business development at BOSS Bonds, highlighted that this partnership will enable Kingdom Bonding to improve service delivery to their construction and contractor customers. By leveraging advanced technology, agents can better capture income in the often-overlooked surety segment of the insurance industry.

Neb Aynu, founder and owner of Kingdom Bonding, emphasized that the SBM platform plays a crucial role in supporting minority-led construction companies. Aynu pointed out that the technology simplifies the process of acquiring contractor license bonds and other bond products, which helps minority contractors secure more business and contribute to closing the racial wealth gap.

The collaboration between BOSS Bonds and Kingdom Bonding signifies a strategic effort to provide better customer-facing and back-end systems for agents. The SBM platform's support infrastructure allows Kingdom Bonding to operate more efficiently and deliver a seamless bonding experience.

This partnership not only aims to improve the operational capabilities of Kingdom Bonding but also addresses broader social issues by empowering minority contractors. By facilitating easier access to bonding opportunities, the initiative supports the long-term goal of achieving generational wealth and breaking poverty cycles within minority communities.