by Kara Skinner | Jul 30, 2020 | Uncategorized
In Surety underwriting, there are many factors which go into the determination whether a Surety can tell an Obligee (via a bond) “Yes, this Principal/Contractor has the ability to complete your contract”. A number of these factors fall under what the...
by Kara Skinner | May 14, 2020 | Uncategorized
Witnessing Bonds and Bond Applications Not all applications and bonds need to be witnessed, but if you have a document that requires witnessing, this signature provides evidentiary support in case there is a dispute about who signed. Generally, a witness must be a...
by Kara Skinner | Apr 28, 2020 | Uncategorized
Do you have clients holding Retainage on your contracts? Release of Retainage Bonds can be a solution to help get your retainage released early and increase working capital in your company. These bonds can be written at the start of a contract, in the middle of a job...
by Kara Skinner | Feb 27, 2020 | Uncategorized
Great explanation, by Old Republic Surety, as to why you are asked to sign an indemnity agreement by a surety and why your spouse is required to sign. “Personal Indemnity: ‘What? You Want My Spouse to Sign?” Ready to Get Started? Apply online for a...
by Kara Skinner | Jan 21, 2020 | Uncategorized
Derived from NASBP’s Answers to 51 Questions Small Contractors Ask About Bonding Like bank credit, bonding is mainly dependent on strong financials and adequate liquidity for a contractor to take on construction projects. Bonding capacity is the maximum amount of...