Contractor Capacity: The oft neglected third C
Anyone who has dealt with surety has come across a reference to the three Cs of underwriting:
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 ...
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 ...
