BALA CYNWYD, Pa., Dec. 16, 2015 (GLOBE NEWSWIRE) -- via PRWEB - Philadelphia Insurance Companies (PHLY) is excited to announce the launching of its new PHLY Bond Direct system. The online, point-of-sale service for commercial surety bonds streamlines the submission process and automates the underwriting and execution of surety bonds.
"PHLY Bond Direct makes online submissions quick and easy. Many bonds can be instantly issued by agents without the need for complex submissions," explained Edward Titus, senior vice president of surety underwriting. "The system complements PHLY's regional surety underwriting experts by serving as a centralized location for transactional surety."
Powerful database driven filters and search fields in PHLY Bond Direct enables agents nationwide to locate and execute a bond in minutes. Agents can execute official bond documents directly from their printer. The bond data is immediately reported to PHLY, and a completed application prints with the bond documents for customers to obtain and remit indemnity if necessary.
Access to PHLY Bond Direct requires a surety appointment with PHLY. Obtaining a limited surety appointment is easy.
How to get appointed for surety with PHLY:
1. Complete our short Agency Agreement
2. Send completed and signed form by either fax or e-mail
Fax: 610.771.4016
E-mail a scanned copy: SuretyAppointment(at)phly(dot)com
3. Receive appointment confirmation and welcome e-mail
For more information on the PHLY Bond Direct service, please visit our website at http://www.PHLY.com or contact PHLY's Surety Division at 1-888-321-4713 or suretyservicecenter(at)phly(dot)com.
About Philadelphia Insurance
Philadelphia Insurance Companies designs, markets, and underwrites commercial property/casualty and professional liability insurance products incorporating value added coverages and services for select industries. In operation since 1962, the Company, whose commercial lines insurance subsidiaries are rated "A++" (Superior) by A.M. Best Company and "A+" for counterparty credit and financial strength by Standard & Poor's, is nationally recognized as a member of Ward's Top 50, National Underwriter's Top 100, and one of the Top 150 Workplaces in America. Policies are underwritten by Philadelphia Indemnity Insurance Company, admitted in all US states and D.C., except Louisiana and Tokio Marine Specialty Insurance Company, a surplus lines insurer admitted in Delaware for surplus lines and authorized in all other US states and D.C. The organization has 50 offices strategically located across the United States to provide superior service. For more information, please visit http://www.PHLY.com.
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