ORSC Blog

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 ...
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 ...
Understanding the Claim Process for Bonds vs. Insurance Thinking about building a book of surety business? As an insurance agent, you’ll want to understand how the surety claims process differs from the insurance ...
Horror Stories About Fidelity Coverage Just in time for Halloween, we have real-life horror stories from the house of haunted insurers that are guaranteed to give you chills:
Insurance Agents Should Promote Business Services Bonds. We like to think that service employees are honest and always have the customer in mind. Unfortunately, an employee working in a customer’s home or business may ...
Fidelity Bonds: Good for Employers and an Insurance Agency's Bottom Line It’s an all-to-common occurrence: A trusted, long-time employee starts stealing from the company. At first, it may be only a few small items. Then the employee ...
Corporate Crime: How Fidelity Bonds May Reduce Its Impact on Your Business Blog updated April 2021. The industry refers to employee theft as white-collar crime — or corporate crime. It is a financially motivated, nonviolent crime ...
Work in Process Reports | Key For Contractors and Surety Companies The Work in Process schedule (WIP) is one of the most important reports produced by a contractor's accounting system. Surety companies rely heavily on this report ...
4 Key Reasons to Have a Business Services Bond Even the most trusted employees can cause a loss. Your employees have access to your customer’s valuables while performing duties on their premises. Jewelry, ...
30% of Business Failures Are Caused By Employee Theft Losses due to embezzlement affect small businesses especially hard, because they cannot afford to absorb the losses. Nearly 30% of all business failures are ...

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