ORSC Blog

Direct Bill Versus Agency Bill “To direct bill or not to direct bill, that is the question…”
Is it M for Thousand and MM for Million, or K for thousand and M for Million?  I’m asking for a friend. Western Civilization has had two powerful influences – the traditions of the Greeks and the Romans, and there is often conflict. The Greeks would refer to the god ...
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 ...
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 ...
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 ...
The ABCs of Surety Bonds What’s the difference between surety bonds and insurance? That’s a question I hear often, and it’s a good starting point for discussion. Knowing those differences ...
Surety Bonds and P3 Projects: A Colorado Case Study Think of the growing infrastructure projects across American cities. These developments are at times so costly that taxpayer money alone cannot fund them. That’s ...
Surety Bond Claims 101 There’s nothing quite like the sinking feeling you get when you hear there’s a claim against your bond. Despite your best intentions, it’s likely that you’ll face ...
8 Tips to Increase Your Agency's Surety Bond Business Are you an independent insurance agency looking to increase your surety book of business? We suggest to start with your existing customer base. There is ...

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