Key Items in Your Construction Contract – Damages for Delay
There is a saying in the construction surety world: “Contract is king.” If your contract and bonds end up in a litigation setting, courts tend to hold the surety ...
Marketing Reps Can Make (or Break) a Bond Producer
When a surety marketing representative asks for a visit, be assured there’s a value-add, incentive, or appointment decision that will result.
Reduce Your Chances of a Surety Claim
Identifying Potential Problems In Advance Principals have a lot of control over surety losses. Adequate preparation and consistent follow-through will help ...
What Surety Underwriters Review on Your Bond Applications & Contracts
Surety underwriters ask a lot of questions. They do so to fully understand your business to better support your project opportunities. Part of the process is ...
The Financial Fallout From a Terminated Contract
No one wins — the principal, the obligee or the surety — when a principal is terminated on a bonded project. A termination will generally require the surety to ...
Bringing Communities Together One Baseball Stadium at a Time
America’s love of baseball is about so much more than the game itself. It’s also about the overall ballpark experience.
5 Helpful Tips for New Surety Producers
President Joe Biden’s Infrastructure and Jobs Act that passed in 2021 has opened huge opportunities to construction contractors who have the capacity to help ...
Contractor Capacity: The Oft Neglected Third C
Anyone who has dealt with surety has come across a reference to the three Cs of underwriting: Capital Character Capacity These three criteria have been constants ...
I’ll Be There for You
Dan Pope, Senior Vice President of Underwriting for Old Republic Surety, recently joined NASBP's “Let’s Get Surety” podcast hosts Kat Shamapande and Mark McCallum ...
The Independent Agent’s Role in the Surety ‘Triangle of Trust’
Any definition of surety will list the three signing parties in a contract surety relationship: the principal (or contractor), the obligee (or owner of the ...
