Workers’ Compensation Safety Records Can Affect Your Bond Capacity
Once an owner or developer selects your company for a construction project, one of your many tasks is to ensure that your workers’ compensation program meets all ...
Facts About Probate: Administrator or Executor Bonds
Settling wills and estates is often a straightforward process. But in some circumstances, the probate court may require the fiduciary to obtain an executor or ...
Cash Flow: An Important Measure of Your Company’s Health
The definition of cash flow is pretty straightforward: It’s the money that comes into your business minus the money that goes out. It’s a part of your ...
Contractors Must Know Their Contract and Strategize to Avoid Damage Claims
When a construction project is delayed, damage claims can result, and fingers are quickly pointed at the contractor to be held accountable for these damages. ...
Market Your Agency to Build a Profitable Book of Surety Bond Business
How does an insurance agency go after surety business if they've never sold surety bonds before? Chances are if you are an established insurance agency, you've ...
Beware of Bond Fraud
A recent article in Business Insurance magazine, “Surety bond scammers sentenced to prison time,” reminds us that surety fraud is a serious crime that can have ...
What Bonding Companies Would Like CPAs to Know
If a CPA provides the accounting service for a construction contractor or subcontractor, chances are the client has needed a surety bond. Many contractors ...
Choosing a Bond Producer for the Long Run
The agent you select for your surety bonds has a tremendous impact on your ability to get a project bond approved. Bond producers are key partners in getting that ...
The Difference Between a Balance Sheet and an Income Statement
We often get questions about financial statements and why they are important to the bond underwriting process. Underwriters will generally ask for several key ...
Planning, the Pandemic and Price Increases
In November 2020, I had an opportunity to reflect on what 2021 might look like for the construction industry. You can read my prognostications in Construction ...
