In our construction risk roundtable series, we discuss issues and trends facing the industry and how companies can prepare.

Expert panelists discuss the current housing market in the United States and the impact on construction and surety.

Industry experts discuss the interconnectedness of risk around the globe and the future of the surety and construction industries.

Contractors have faced a variety of risks since COVID-19. Collaborating with their surety has helped mitigate them.

Watch this informative webinar to learn about the differences among surety markets in Europe, Asia, Australia, and Canada.

Learn more about the warning signs of contractor distress and how a surety and their claims team can help mitigate the risks present for an account.

This surety series explores new technologies in the construction industry, such as wearables, virtual reality, construction management software, and use cases for contractors.

Learn about hazardous provisions in commercial surety bond forms and how you can help mitigate bond risks.

Learn about employee stock ownership (ESOP) plans, including the advantages and disadvantages, legal considerations, underwriting best practices, and more.

Surety bonded projects, whether public or private, can save owners time and money, and generally outperform nonbonded projects both financially and operationally.

The right construction team, thorough contract review, and a carrier that offers nonstandard surety solutions can help new contractors during a recession.

Learn about private equity trends within the surety industry, underwriting considerations as they relate to private equity backed or owned construction firms, and more in this podcast and webinar series.

Financial guarantee insurance (FGI) and the Appleton Rule present surety challenges in New York State and across the U.S.

Surety agents and underwriters can follow these two quick tips from Liberty Mutual to conquer their fear of subdivision bonds.

Modular construction is fast, environmentally friendly, safe, cost effective and on the rise. This article will help sureties underwrite modular construction projects.

Just like each state has its own law, so do tribal nations. This article outlines key factors sureties take into account when underwriting bonds for tribal nations.

Con il termine “trasporto transfrontaliero dei rifiuti” si fa riferimento all’esportazione di rifiuti prodotti all’interno di un dato Stato verso uno Stato diverso da quello di origine nel quale tali rifiuti devono essere sottoposti a specifici procedimenti per il recupero della materia o a smaltimento in impianti certificati.

Surety bonds can mitigate risk for all types of business, including healthcare companies. See how these bonds function and the critical roles they can play for hospitals and other facilities.

When companies need a guarantee, they often turn to their bank. And whilst this may seem to be the simplest approach, decision-makers should understand the other options available to them—mainly purchasing surety from an insurance company. One key reason? To free up liquidity. When companies obtain a guarantee from an insurance company, they don’t use up […]

Launching a construction company can be challenging. From technology to cash flow, here are some common pitfalls contractors face and how to avoid them.

COVID-19 hat den technologischen Fortschritt schneller vorangetrieben, als das irgendjemand hätte vorhersagen können. In kürzester Zeit stellten sich viele Mitarbeiter vom täglichen stundenlangen Pendeln zwischen Arbeitsplatz und Zuhause auf das Anmelden am Computer im provisorischen Büro in den eigenen vier Wänden um. Folglich waren wir noch nie so abhängig von unseren Computern, dem Internet und […]

Just 15 or 20 years ago, tech companies had reputations for rapid business cycles and increased risk, making surety bonds for technology-related contracts difficult to obtain. But in recent years, the playing field has changed drastically, with financial experts feeling more confident in tech investment now that technology is a foundational part of our world. […]

Reduce the risks for retail businesses with surety bonds — discover the most common types across the 4 key retail industry sectors

If you are a contractor navigating nonstandard surety in the wake of a tumultuous year, these tips can help improve your financial outlook.

Deutschland ist wahrlich kein Neuling auf dem Bürgschafts- und Garantiemarkt. Seit Jahrhunderten vertrauen Unternehmen bei der Durchsetzung von Verträgen zwischen Vertragsparteien auf Drittanbieter. Heutzutage beläuft sich der Kautionsversicherungsmarkt in Deutschland auf ca. EUR 650m. Selbstverständlich wissen deutsche Unternehmen ganz genau, wie Bürgschaften in Deutschland funktionieren, aber wie sieht es bei US-amerikanischen Unternehmen aus, die in […]

This article highlights three ways construction companies can mitigate risk by focusing on resiliency.

Wirtschaftliche Unsicherheit erhöht das Risiko, dass Geschäftspartner ihren Verpflichtungen nicht nachkommen oder Verträge nicht erfüllen können. Die Folge hiervon ist, dass immer mehr staatliche Stellen und private Unternehmen Bürgschaften und/oder Garantien fordern, um regulatorische Verpflichtungen und Verträge zu unterstützen. Da die staatlichen Aufsichtsbehörden von den Banken höhere Kapital- und Solvabilitätsquoten fordern, greifen immer mehr Unternehmen […]

La incertidumbre económica aumenta el riesgo de que los socios comerciales no puedan cumplir con sus obligaciones o contratos. Como resultado, los gobiernos y las empresas privadas exigen bonos o garantías para respaldar las obligaciones reglamentarias y los contratos comerciales. Dado que los reguladores gubernamentales exigen a los bancos que mantengan unos ratios de capital […]

It’s no surprise that sureties need your company’s financial records to make informed underwriting decisions and provide the bonds you need. But why is your underwriter asking you about accounting and estimating processes that even your CPA doesn’t ask you about? Why do they ask you about your cyber security protocols? In short, having the […]

Learn six considerations as your plan to grow your small construction business.

As the world evolves, it is important to capture details surrounding acceptable uses of electronic signatures, as well as unacceptable uses of e-signatures. In the current environment, we are pleased to outline our current practice, as we continue to explore new technologies, and leverage existing ones to maintain efficiency and ease of doing business. As […]

In some cases, there may be an opportunity to consider a bond in lieu of a letter of credit from a bank. Such cases may involve international obligations, performance obligations, or paid loss retro programs — to name a few — which typically require some form of collateral. In those instances, a bond may be […]

You know what surety is and how to establish a relationship with an agent and a carrier. You understand that the work you put into obtaining and maintaining your surety relationships results in the issuance of bonds which aim to protect the party you are doing work for (“obligee”). If the obligee gets protection, and […]

Top five most common reasons contractors are required to post a bond.

Opportunities to market transactional commercial surety bonds.

Best practices for contractors that seek to grow their bond programs.

Common risks for set-aside contractors and guidelines how to address them.

The best surety claims teams combine expertise, efficiency, and clear communication, plus seamless integration with other business teams. So how could you get all you need, all in one place? By choosing a surety that has a dedicated, in-house surety claims team. There are few constants in the surety industry, but one you can count […]

The Small Business Administration (SBA) Surety Bond Guarantee Program is designed to increase small businesses’ access to federal, state, and local government contracting, as well as to private-sector contracting, by guaranteeing bid, performance, payment, and specified ancillary bonds.

Subdivision bonds are different from typical contract bonds.