November 2016

Bonding 101: Key Things You Need To Know About Contract Surety Bonds.

Surety Blog /

A surety bond is a three-party agreement where the Surety (an insurance company), assures the Obligee (the Owner or Prime Contractor) that the Principal (bonded Contractor) will perform a contract.  Contrary to popular belief, a bond is not insurance, but an extension of credit.  It just happens to be issued by an insurance company.  Although […]

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Site-Specific Safety Plans

Surety Blog /

Site-Specific Safety Plans “SSSPs” are developed to prevent accidents on the job site by being pro-active with anticipating and eliminating hazards. The potential hazards are identified up front and safe work practices are defined to eliminate/control those hazards. The minimum elements of an SSSP should include things like: Having the subcontractor’s project manager, superintendent and

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