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 ...
Wayne Messick, AFSB
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 ...
Scot Albrinck, AFSB
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 ...
Melissa Miller
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 ...
Sharyl Markovits
How Sureties and Contractors Can Mitigate Performance Defaults
No one likes it when a job goes south. The owner loses money, subcontractors don’t get paid, and there can be costly litigation. In short, it’s in everyone’s best ...
Dennis McDonnell
Contractors Can Seek Relief Through The CARES Act
The vast majority of businesses in the United states are classified as Small Businesses under standards of the Small Business Administration (SBA). Deteriorating ...
Mike Sanders, AFSB
Underbilling: Why Your Surety Has Concerns — and You Should, Too
Underbilling occurs when work you’ve completed hasn’t been billed or costs you’ve incurred haven’t been reimbursed. Nearly every contractor has some underbilling ...
Richard Sghiatti
Will COVID- 19 Be Considered a Force Majeure?
On March 17, 2020 the City of Boston became the first city, but not likely the last city to close down all construction projects currently in progress due to the ...
Darrel Lamb, CPCU, AFSB
How to Prequalify a Surety — and Why It’s So Important
The number of surety companies represented in any region can make the task of prequalifying or differentiating among them challenging to say the least. Many bond ...
Todd Taylor, AFSB, CPCU
Maintaining Your Surety Relationship — Share the Ugly, Celebrate the Success
In order to maintain a good relationship with your surety, you must be as transparent as possible. We really don’t like surprises. If anything happens with your ...
Jason C. Walton, AFSB
