Surety Through the Eyes of an Underwriter

    Our video series Surety: Through the Eyes of an Underwriter provides insight into contract bonds to help bond producers and contractors understand the information used in the underwriting process. We’ve tapped into our knowledgeable underwriters who were willing to share small details that can really make a difference for a contractor. An ability to obtain contract bonds can provide a contractor with tremendous advantages, leading to much greater success. We hope you find these videos as interesting as our camera crew did – and they’re not even in the construction business!

    Check back often as we will be releasing new videos on a regular basis.

    Contractor Red Flags #1:
    Financials; Existing Claims; Relationships
    • CPA prepared financials
    • Existing surety claims
    • Lack of agent relationship

    Contractor Red Flags #2:
    Reaching Outside Your Norm
    • Approaching jobs larger than previous experience
    • Approaching  jobs outside of specialty

    Contractor Red Flags #3:
    Leverage & Working Capital
    • The importance of working capital
    • The importance of establishing a line of credit
    • How to approach growth in a healthy way

    Bondability Definition | FastBond vs. Standard Bond Programs
    • What does "bondability" mean?
    • FastBond programs
    • What it takes to move to a standard bond program

    Understanding Work-in-Process Reports | WIP Schedules
    • Explanation of Work-in-Process reports
    • Why WIP schedules are important for a contractor
    • Why WIP schedules are important for a surety underwriter

    Benefits of Using a Construction Oriented CPA for Contractor Financial Statements
    • Why outside CPA financials are important for surety underwriters
    • Construction accounting - why is it different?
    • Using financial statements to understand your construction business and grow

    Contract Bond Terminology

    Contract Bond Terminology

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    FAQ: Contract Bonds

    FAQ: Contract Bonds

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    Punch List for Contract Bonds

    Punch List for Contract Bonds

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    Bonds For Growing Contractors

    Bonds for Growing Contractors

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    Fast Credit-Based Contract Bonds

    Fast Credit-Based Contract Bonds

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    Why ORSC for Contract Bonds?

    Why ORSC for Contract Bonds?

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    For more information about contract bonds with Old Republic Surety Company, contact your independent insurance agent, or contact us and we'll help you find one!

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