To write more surety business, it’s important to focus on building strong relationships with clients and demonstrating your expertise in the field. Surety (especially “contract surety“) is a ‘relationship’ business. Here are some strategies to help you increase your surety… Continue Reading →
Surety reinsurance can be difficult to procure. Reinsurers can be fickle, changing their preference and appetites for many reasons. Some treaties and cession agreements can be merely an accommodation. Others can severely restrict the classes of surety bond for which… Continue Reading →
Undertaking construction projects in the City of Los Angeles can be complex and challenging. From acquiring the necessary permits to adhering to stringent regulations, builders, contractors and developers face numerous hurdles. One critical requirement that developers must fulfill is obtaining… Continue Reading →
An adult at some stage of his (or her) game ponders his choice of profession and what if any contribution that he makes to the body common, his world, his family, etc. It’s easy to get caught up in the day-to-day… Continue Reading →
For decades a North Carolina general contractor license bond has been out of reach for the large majority of license candidates have not been able to obtain bonding for lack of financial statement strength and because of the onerous terms… Continue Reading →
Virtual currencies may suffer downturns and enjoy spectacular increases in value however there is no question that crypto is here to stay. Businesses that trade in these mediums will come under regulatory control and licenses will inevitably be required. Classified… Continue Reading →
Most insurance agents are independent entrepreneurs, self-motivated and eager to achieve success in their chosen profession. That independent streak is the same characteristic that can create blind spots when planning for and delivering a broad menu of insurance products. A surety… Continue Reading →
Surety bond underwriting contemplates two major classes of bond; commercial surety bonds and contract surety bonds. General contractors are by far the most frequent requestors of the latter which are generally purchased to guarantee the completion of construction projects. Underwriters… Continue Reading →
Contract surety bond underwriting is an art however the artist must also be an analyst. Analyzing the financial condition of a bond principal does not admit creativity. In fact, being “creative” with the numbers is a strict no-no. Coupled with… Continue Reading →
Por medio de la fianza, contratistas pueden acceder al mercado de obras públicas y proyectos más grandes, así mejorando sus ofertas y rentabilidad. Un artículo por el licenciado Israel O. Alicea, se trata del mismo “Todo sobre las fianzas en proyectos… Continue Reading →
Pawnbrokers are considered a form of financial institution and are regulated as one. A pawnbroker surety bond is currently required by approximately twenty states and many municipalities. Generally the surety bond amount is small and guarantees only that the pawn… Continue Reading →
A financial statement is the most important data source for the surety bond underwriter. Although there are a myriad of factors that influence the contract surety bonding underwriter’s judgment of a contractor’s qualifications (financial and otherwise), the financial statement is… Continue Reading →
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