by Kanisha Gresham | 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 Kanisha Gresham | 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 Kanisha Gresham | Apr 2, 2020 | Uncategorized
CARES Act Payroll Protection Program, Assistance for Small Business during COVID-19. Surety companies and underwriters will view your participation in this program very favorably and we strongly encourage you to apply. This program will provide “loans” to small...
by Kanisha Gresham | Mar 24, 2020 | Uncategorized
We are here for you issuing bonds, just as we’ve always been. The safety of our employees, community, and customers is our primary concern. We are taking several measures to ensure we manage to safely get through the current civic health situation while...
by Kanisha Gresham | 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...
by Kanisha Gresham | 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...
