Surety Blog

With the new $2.3 trillion US infrastructure spending proposal and the $1.52 trillion 2022 discretionary spending proposal submitted to Congress there will be more contractors looking to take advantage of upcoming opportunities. If public work is new to you there is a lot to consider before bidding – bonding is one of them. Florida Statutes […]

Liberty Mutual Surety provided a great visual breakdown of common factors that lead to contractor failure. They got this data through evaluating a sample of contract surety claim matters over a 10-year period. Elements were identified at the time of the claim and are listed by frequency; there are many cases in which multiple elements

Happy St. Patrick\’s Day from our team to yours! One thing we love more than bonds is….FOOD! Agent Bob O\’Linn kicked off our St. Patrick\’s Day celebration with his homemade Chocolate Chip Irish Soda Bread. What\’s your favorite St. Patrick\’s Day dish?

By: Curtis Fort with Construction Credit & Finance Group, LLC. Review your credit application. Extending credit to customers can be very risky; however, a comprehensive credit application containing security language can mitigate that risk and allow you to file a UCC-1 to further secure your receivables. Educate your credit & sales teams throughout the year

It was interesting to learn that of the 96,000 PPP loan forgiveness applications the SBA has received since August 10th, they have yet to actually approve any. It\’s no wonder that contractors have become frustrated by the long wait – but it appears they may finally be getting their long awaited answers. According to an

We live in interesting times, uncertain times, anxious times. It is difficult to predict what is going to happen to surety credit over the next few COVID-19 months (years?). It is likely, however, that sureties will rely on, more than ever, the general agreement of indemnity (GIA). As with any contract, it is far better