Can someone who worked for a bonding firm ethically say that they worked in commercial insurance?

Question

Can someone who worked for a bonding firm ethically say that they worked in commercial insurance?

Answer 1

No if they do they are misrepresenting themselves and they will get caught.

Since you obviously know what bonding is all about you will be completely lost if you go into commercial.  I used to work for a bonding firm myself and I now work in commercial lines.

Two different ball games. I look at contracts for some of our clients but only to find out what coverage they need for the particular job.  Commercial lines you don't need to secure a bonding line and you certainly don't need GIA, WIP, LOC and personal financials. Trust me, TOTALLY different ball game.

Answer 2

No, two differant ball games.

Answer 3

There is a lot of useful and intresting information here to help answer your quetion.

http://insurance.online-assistant.info/i...

Answer 4

NO...

In finance, a bond is a debt security, in which the authorized issuer owes the holders a debt and is obliged to repay the principal and interest (the coupon) at a later date, termed maturity.

Answer 5

Depends on what kind of bonding you're talking about.  Most are surety type deals - license bonds, bid bonds, performance & payment bonds, etc.  Those are clearly a product of commercial insurance.

However, it's a very narrow, limited aspect, and won't carry over to other personal lines.

So yes, but unless they clarify, it will come back to bite them in the rear.