Introducing Electronic Execution of GIAs
October 6, 2020
Merchants Bonding Company is now accepting electronic signatures for most* contract indemnity agreements, eliminating the manual paper process for our agents, principals and indemnitors. By utilizing Knowledge Based Authentication (KBA), Merchants will balance efficiency and security, while promoting the surety industry's move towards electronic execution and delivery of surety bonds.
"The surety industry as a whole has been asking for easier options, especially during the pandemic, so this is an exciting development for Merchants that reinforces our commitment to providing first class experiences for our customers," says Chief Marketing & Communications Officer Therese Wielage.
Obtaining hard copy indemnity agreements with notarized wet signatures can be a tedious process. By transitioning to e-signatures, we can quickly and efficiently expedite the indemnity agreement with minimal effort from our agents or indemnitors.
Merchants actively reviews our policies and procedures to ensure our agents and principals continue to receive first class experiences and convenient bonding. For more information contact your Merchants contract underwriter or email firstname.lastname@example.org.
*Some exclusions apply.