Worker’s Compensation – Subs, 1099s, Employees – From a Risk and Bonding Perspective – It Does Matter!
Workers’ compensation can be a sticky wicket for construction firms. It’s an area where new contractors and veterans alike can find themselves in legal and ...
06/03/20
How Do I Increase My Bonding Capacity?
We are often asked by agents and contractors about how they would go about increasing their bond capacity. The amount of things a contractor can do to accomplish ...
12/12/19
Consider These 4 Questions When Hiring a Subcontractor
If you’re a general contractor, you know the right subcontractors can mean the difference between a smooth job and a million headaches. While a surety company ...
12/06/19
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 ...
10/07/19
Construction Oriented CPAs Play Key Role for Contractor's Bonding Needs
We often hear contractors say that getting a job is the hard part – completing the project is the easy part. Many factors go into that, one of which is having ...
08/02/19
A Tale of Two Opportunities: Financing of Risk Through Subcontract Bonds
Last month I met with two contractors where subcontract bonds were a central topic. The first was a paper general contractor, meaning they administered the ...
07/30/19
Influencing (and Increasing) Your Bonding Capacity
Construction bond capacity matters — sometimes more than firms may realize. Simply put, bond capacity can either hold you back from the growth you’ve envisioned ...
06/24/19
Release of Retainage Bonds: A Tool That Can Provide a Benefit to the Contractor
I was holding an annual surety account meeting out on the golf course one day with the agent and the contractor. This contractor works primarily as a ...
06/21/19
Can You Explain Your Bid Spread?
If you were to ask contractors what they like most about construction, they probably wouldn’t say, “I love preparing bids.” Most contractors love being on the job ...
06/19/19
Face-to-Face Meetings with Contractors Are Key
“Your word is your bond.” In no other line of work does this age-old phrase ring as true as in the surety business. We often talk about “the three c’s of credit” ...
05/20/19