Surety Relationship Management
In order to maintain a good relationship with your surety, you must be as transparent as possible. We really don’t like surprises. If anything happens with your ...
How Do I Increase My Bonding Capacity?
We are often asked by agents and contractors about how they would go about increasing their bond capacity. The amount of things a contractor can do to accomplish ...
Consider These 4 Questions When Hiring a Subcontractor
If you’re a general contractor, you know the right subcontractors can mean the difference between a smooth job and a million headaches. While a surety company ...
Adventures of a Corporate Climb: Meet ORSC’s Bond Manager — Scot Albrinck
Everybody has an Everest — a grandiose goal — Scot gives us a sneak peek (or perhaps we should say peak) into his. Staring the mountain in the face A few years ...
What to Expect - The New Revenue Recognition Standard
In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2014-09, Revenue from Contracts with Customers (“Topic ...
Seven Things You Didn’t Know About Surety
It’s really old Not only was surety mentioned in the ancient Code of Hammurabi (circa 1754 BC), but it is also mentioned in the Bible and in The Quran. Ancient ...
Horror Stories About Fidelity Coverage
Just in time for Halloween, we have real-life horror stories from the House of Haunted Insurers that are guaranteed to give you chills:
Personal Indemnity: ‘What? You Want My Spouse to Sign?’
We often get questions about the indemnity part of surety, especially regarding spousal indemnity. Contractors often understand the need to obtain a surety bond ...
The ABCs of Surety Bonds
What’s the difference between surety bonds and insurance? That’s a question I hear often, and it’s a good starting point for discussion. Knowing those differences ...
Picture Day for Contractors
If there is one thing I learned in grade school, it is that some days are more important than others. Most notably, in the life of a grade schooler, picture day ...
