Work in Progress Reports Benefit Contractors, Accountants & More
Cost overruns are a common occurrence in the construction industry. It’s far too easy at the mid-point of any project to misjudge billing against the actual ...
7 Red Flags For Contract Bonds & Strategic Approach Fixes
In the process of considering a contract bond request, there are certain circumstances that can raise red flags for a surety underwriter. To maximize their surety ...
Work in Process Reports | Key For Contractors and Surety Companies
The Work in Process schedule (WIP) is one of the most important reports produced by a contractor's accounting system. Surety companies rely heavily on this report ...
4 Key Reasons to Have a Business Services Bond
Even the most trusted employees can cause a loss. Your employees have access to your customer’s valuables while performing duties on their premises. Jewelry, ...
30% of Business Failures Are Caused By Employee Theft
Losses due to embezzlement affect small businesses especially hard, because they cannot afford to absorb the losses. Nearly 30% of all business failures are ...
The Over and Under of Contractor Billings
Large overbillings or underbillings could be an indication of problems that could jeopardize the stability of a construction contractor's bond program. The most ...
8 Tips to Increase Your Agency's Surety Bond Business
Are you an independent insurance agent looking to increase your surety book of business? We suggest to start with your existing customer base. There is tremendous ...
