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 ...
Old Republic Surety
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 ...
Darrel Lamb, CPCU, AFSB
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 ...
Mike Sanders, AFSB
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 ...
Shayne Albine
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 ...
Rich Sghiatti
The Art of Saying No
A few years ago one of my contractor clients wanted to bid a $24mm project. The project was about three times bigger than anything they had built to date, but the ...
Darrel Lamb, CPCU, AFSB
What to Look for in a Commercial Surety Bond Form
Insurance agents will occasionally write a commercial surety bond as an added service to their clients. These agents know their way around property-casualty ...
Old Republic Surety
Construction Company Do’s and Dont's of Smart Contract Bidding
This article originally was published by the National Association of Surety Bond Producers and is being republished with the express permission of NASBP. Placing ...
Old Republic Surety
Contractor Materials Shortages and Materials Price Inflation
We all know well that the availability and prices of many of the materials used by construction contractors have been affected dramatically since the start of the ...
Mike Sanders, AFSB
It’s Not Just About Rates. It’s About Valuable Service
In today’s world, we are surrounded by advertisements. And whatever the product is, advertising consistently drives price to hook new customers. But is that the ...
Shayne Albine
