Commercial Surety 101: Why Contractors Need to Be Licensed and Bonded
Most states require contractors to be licensed to obtain permits for projects. State and local jurisdictions may also require contractors to be bonded in order to ...
The Relationship between You, Your Agent, and Your Surety
No matter what business you are in, you may need a surety bond at some point in time. This could range from a simple business services bond to a ...
As 2020 Closes: Consider Alternative Accounting Methods on Long-Term Contracts
To say that 2020 has been a challenging year would be an understatement. Many small businesses across all industries were hit hard by the COVID-19 global ...
DocuSign Improves Efficiency for Our Indemnity Agreement Process
Old Republic Surety Company is now accepting electronic signatures for our General Indemnity Agreements and our FastBond Indemnity Agreements. With DocuSign, we ...
Maintaining Surety Credit in Times of Growth and Transition
Most construction companies in the U.S. are owned by an individual or the members of a family. Yet, according to the Family Business Alliance, only 30% of ...
Fast Facts about Fidelity Bonds and Public Official Bonds
Fidelity and public official bonds both involve protection from fraudulent or dishonest behavior by individuals. Are you worried your employees might steal from ...
Direct Bill Versus Agency Bill
“To direct bill or not to direct bill, that is the question…”
Understanding the Claim Process for Bonds vs. Insurance
The claims process for surety bonds is considerably different from the process for an insurance claim. One significant distinction is which party is ultimately ...
What is Remote Notarization?
More than half of U.S. states have passed laws allowing document notarizations to take place remotely - known as Remote Online Notarization (RON), or virtual ...
Why Your Construction Company Needs a Buy-Sell Agreement
Has the topic of buy-sell agreements come up in discussions with your attorney, surety agent or accountant? Chances are someone who cares about the future of your ...
