Reduce Your Chances of a Surety Claim
Identifying potential problems in advance allows all parties to plan and act daily with a risk-avoidance mindset. Principals have a lot of control over surety ...
What Surety Underwriters Review on Your Bond Applications and Construction 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 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 criterion 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 ...
What Is NMLS and Why Should Bond Producers Be Using It?
If you have clients who are in the mortgage business, you may already know about the Nationwide Multistate Licensing System (NMLS). It began as a system of record ...
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 ...
