New Online Hub From Colonial Surety Offers Simple, Direct Access to Insurance for U.S. SMBs

First stage of new platform puts cyber liability front and center, demonstrating Colonial’s commitment to supporting SMBs as they evolve

WOODCLIFF LAKE, N.J.--(BUSINESS WIRE)--Colonial Surety has launched a new digital platform to provide a single source of surety and fidelity bonds and insurance products for America’s SMBs. The new platform makes it easier and quicker for SMBs to find, purchase and manage the insurance and bond products they need to build strong, stable, and safeguarded businesses in today’s hybrid working environment. In addition, Colonial Surety is extending its range of SMB-focused products and services to help small businesses remain protected and compliant in a rapidly changing world.

As a direct and digital insurer, Colonial Surety has more than 90 years’ experience in providing insurance and bonding products. The new platform and expanded product suite create an online hub that gives owners and managers of small businesses instant, online and direct access via a personalized account. The first products available on the platform are professional liability insurance, employment practices liability insurance, and cyber liability insurance – which is embedded in all Colonial Surety products.

“Cyber liability is one of the most important products for SMBs today, which is why we have included $50,000 worth of cyber liability in all our professional liability insurance as standard,” says Wayne Nunziata, CEO at Colonial Surety. “As more and more aspects of commercial life move online, enormous opportunities have been for businesses. But this has also increased the threats and the challenges they face, so cyber protection will always be an embedded part of the coverage we offer in all our small-business focused products.”

The Colonial Surety platform provides access to transparently and cost-effectively priced bonding and insurance products. The platform is designed to make this often-complex area of business as simple and straightforward as possible, to give busy SMB owners back the time and resources to focus on reaching their own business goals with confidence. The technology is supported by Colonial Surety’s team of expert, efficient and friendly customer service agents to ensure every stage of the bonding process is pain-free.

Colonial Surety will be adding further SMB-focused products to the platform in the second half of 2021. These include: general liability insurance, directors and officers insurance, commercial crime insurance, business owners’ policy, and workers compensation. The platform’s usability is also being continuously enhanced with more self-service tools, personalization options, advanced analytics, data processing, and real-time risk management.

“Nearly half of all US employees work for an SMB. They play an essential role in America’s economy, and they are often the backbone of their communities,” says Nunziata. “At Colonial Surety, we are committed to helping this vital sector grow and thrive. As their needs evolve, we will be there to support them with a complete package of insurance products and bonds so they can continue to protect themselves, their employees, their partners and their customers.”

About Colonial Surety

Colonial Surety was founded in 1930, and brings deep experience and market expertise to every product and every customer relationship. Colonial Surety gives its customers the assurance that they, their businesses, and their clients are safeguarded with the right surety and insurance products at all times.

Colonial Surety makes it easy for a wide range of industries and professions to buy the bonds and insurance products they need. Colonial Surety is a direct and digital insurer offering products through an online platform supported with exemplary customer service. The company gives customers a simple, direct, and instant service that takes the pain out of buying insurance and bonds. Colonial Surety is licensed in every U.S. state, rated “A” Excellent by A.M. Best, and listed by the U.S. Treasury as an approved surety.