Risky Business: Surety Experts Talk Risk Mitigation in Construction
By Scott Berman
November 8, 2024
The construction landscape is changing daily, bringing new challenges for contractors—including dealing with new competition, taking on work in new markets, and navigating supply-chain issues, labor shortages and more. Companies who succeed in this competitive environment must th...
Executive Insights 2024: Leaders in Insurance and Surety Bonding
By Construction Executive
April 23, 2024
Can regular communications with surety providers help construction firms access larger bonding capacity and more favorable terms?
Scott Elliott
Assistant Vice President
Philadelphia Insurance Companies
It is often said that effective communication is the key to a good relatio...
Surety Trends to Keep an Eye on in the Construction Industry
By Oliver Craig
March 12, 2024
Reflecting on the dynamics of the 2023 construction and surety industries, it is evident that opportunities and challenges have emerged for contractors that will shape the landscape for the year ahead. Contractors can not only capitalize on these trends but protect the successful...
Executive Insights 2023: Leaders in Surety Bonding
By Construction Executive
November 1, 2023
What should contractors consider when selecting a surety bond producer?
Jacob Fulmer
Chief Underwriting Officer, National Accounts
Travelers
Surety bond producers and underwriters are uniquely positioned to help their customers succeed. Contractors should engage their surety pr...
Restoring the USS Alabama: Surety Lessons From an 80-Year-Old Battleship
By Richard Sghiatti
September 6, 2023
It’s not every day that a construction company gets to renovate an 80-year-old battleship. Yet that’s exactly where Youngblood-Barrett Construction & Engineering workers found themselves when they began restoring the main deck of the USS Alabama, a storied World War II battleship...
Executive Insights 2023: Leaders in Insurance and Surety Bonding
By Construction Executive
April 18, 2023
What affects a contractor’s ability to increase bonding capacity?
David Zabel
Associate Vice President, Surety Home Office Underwriting
IAT Surety, a division of IAT Insurance Group
As materials prices continue to rise and the competitiveness for labor creates an increase in wa...
Digitization in Surety Lays Foundation for Construction to Meet Global Growth Demands
By Adam Gussen
November 7, 2022
As digitization has been introduced into the surety industry in construction, digital bonding has become more commonly accepted as the standard. This process has been accelerated by the pandemic, but there is still room for advancement across industries as the need for global inf...
2022 Executive Insights From Leaders in Surety Bonding
By
November 3, 2022
What should contractors know about the three Cs used to evaluate contractors?
Nick Newton
President
National Association of Surety Bond Producers
Though sometimes thought of as insurance, surety really acts as a credit arrangement in which the surety company assesses the charac...
Getting a Piece of the Pie
By Peter Roth
November 1, 2022
Prioritizing infrastructure investments creates millions of jobs in the United States, expanding growth on a national and local level in both the short and long term. It also underscores a growing need for qualified bonded small businesses and opportunities for new and emerging c...
Pulling the Plug
By Todd R. Regan
October 31, 2022
As a contractor, you may have wondered if your contract can be terminated by the owner for cause after the project has reached substantial completion. The answer is yes.
Under certain circumstances it may be permissible—or even necessary—for a project owner to terminate the cont...
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