Blog – Info for Contractors!

Standardized Bond Form Claims

Settlements on Standardized Bond Agreement Forms A guaranty’s responsibility under a payment or performance bond will develop only if the settlement has satisfied all the needed disorders precedent or step-by-step actions. The bond file itself includes these step-by-step needs, which usually means the typical types from the Engineers Joint Agreement Documents Committee (EJCDC) or the American […]

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Some things to think about before renewing

Surety Agency Unique Selling Proposition When thinking about an insurance coverage company to manage your surety contract, it is vital to identify exactly what their unique position is in the market. A lot of companies appear to offer similar products, yet many times it is terrific customer support, direct partnerships with insurance coverage suppliers, as […]

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The importance of not giving up

The Principle As business people, we often try to cajole, intimidate and otherwise implore our employees, co-workers and anybody else that we have a relationship with to not give up.  That is, we really want everyone to try their hardest, until the last possible moment.  That way, they can squeeze every ounce of productivity and […]

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Getting a clinical cannabis bond in Colorado

Colorado made news this year by legislating the use of cannabis for entertainment purposes as well as for medical usage. What is taking place now that both recreational and medical marijuana use is legal? For one point, recreational marijuana usage will be much a lot more heavily exhausted regulated compared to clinical cannabis.  One of […]

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Update on Florida’s Medical Marijuana law

Medical Marijuana law Private entrepreneurs are moving much quicker compared to state government in getting ready for the probability that citizens will authorize using marijuana for restricted medical functions in November. There are genuine problems concerning how medical cannabis would certainly be regulated that are currently not addressed by the constitutional amendment and will probably […]

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How Fidelity Bonds are Underwritten

How Bonds are Underwritten Part I Yesterday, we posted a short article on the difference between a surety bond and a fidelity bond.  One question that is consistently asked is this: how is a bond underwritten?  Today, we’ll focus on how a fidelity bond is underwritten. As you may recall, a fidelity bond provides protection […]

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