ORSC Blog

Is it M for Thousand and MM for Million, or K for thousand and M for Million?  I’m asking for a friend. Western Civilization has had two powerful influences – the traditions of the Greeks and the Romans, and there is often conflict. The Greeks would refer to the god ...
Is It Possible to Cancel a Bond? We all know bonds are not the same as insurance. While bonds are considered to be a type of specialty insurance, and the surety is usually an insurance company, ...
Why Work in Progress Schedules Are So Important “Can you send me a WIP that goes with this statement?” “Can you send me the fiscal year-end statement with WIP?” I’m sure you’ve heard those questions or some ...
How to Take Your Business to the Next Level and Increase Your Bonding Capacity Are you ready to grow your business? Maybe you’d like to bid on larger projects. Or the owner of your current job likes your work and wants to hire you for ...
Financial Statements: What to Expect in the Underwriting Process During the underwriting process, a surety company may request financial statements from both new and established clients. Financial reports provide us with a ...
Worker’s Compensation – Subs, 1099s, Employees – From a Risk and Bonding Perspective – It Does Matter! Workers’ compensation can be a sticky wicket for construction firms. It’s an area where new contractors and veterans alike can find themselves in legal and ...
Lessons from the Field: Why Business Continuity Planning Is Essential Like it or not, ownership and management changes are a certainty in construction. According to FMI, every construction company that isn’t publicly traded will go ...
Expect the Unexpected: The Importance of a Solid Continuity Plan Growing up in a family that owned an electrical contracting business, I was always surrounded by a strong work ethic and dedication to the business. While my role ...
Where There’s a Will, Surety Can Guide Your Way: Meet ORSC’s Senior Contract Underwriter - Matt Payment Matt shares stories of his road-tripping adventure down ORSC Avenue, from “Roll Tide!” to ocean life to Graceland to Music Row. What do hard hats, site maps, neon ...
Cross-Selling Opportunities in Commercial Surety An insurance agent who can accommodate clients’ surety bond needs along with their insurance is a well-rounded agent. You are providing your insureds with ...

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