Recent Posts
Release of Retainage Bonds: A Tool That Can Provide a Benefit to the Contractor
I was holding an annual surety account meeting out on the golf course one day with the agent and the contractor. This contractor works primarily as a ...
06/21/19
Can You Explain Your Bid Spread?
If you were to ask contractors what they like most about construction, they probably wouldn鈥檛 say, 鈥淚 love preparing bids.鈥� Most contractors love being on the job ...
06/19/19
Face-to-Face Meetings with Contractors Are Key
鈥淵our word is your bond.鈥� In no other line of work does this age-old phrase ring as true as in the surety business. We often talk about 鈥渢he three c鈥檚 of credit鈥� ...
05/20/19
Letter of Bondability - It is not the prequalification some think it is.
You may refer to them as Good Guy Letters, Sunshine Letters or just a Contractor Letter of Bondability. These letters have been around a long time, and their ...
05/08/19
Weather Delays & Construction Contracts - Are You Prepared?
Did you know that since 1980, there have been 246 weather-related disasters in the U.S. that cost $1 billion or more? Tropical storms, hurricanes, tornadoes, ...
04/23/19
Surety Bond Claims 101
There鈥檚 nothing quite like the sinking feeling you get when you hear there鈥檚 a claim against your bond. Despite your best intentions, it鈥檚 likely that you鈥檒l face ...
12/07/18
The Importance of License and Permit Bonds
There鈥檚 an element of risk in every business transaction. License and permit bonds were created so that municipalities could help protect citizens from ...
12/04/18
Corporate Crime - How Fidelity Bonds May Reduce its Impact on Your Business
The industry refers to employee theft as white-collar crime 鈥� or corporate crime. Corporate crime refers to financially motivated, nonviolent crime committed by ...
11/29/18
Transitioning From Fastbonds to a Standard Bond Program
Here are some important reasons why a contractor would want to transition from a credit-based bond program, or Fastbond, to a standard bond program - and how to ...
10/15/18
It's Pig Iron Under Water!
To some of my fellow insurance professionals, the surety business has always had an air of mystery about it. Perhaps it is the exotic language we use referring to ...
10/12/18