There are many financial products that help a construction company to grow, both in the private and public sector. Two of these products, a surety bond and a line of credit, can be helpful in becoming more successful. Knowing the difference between the two can help your business to grow. Surety Bonds vs Lines of […]
Read MoreCategory Archives: Surety Bond
Is there a Difference Between Surety Bonds and Insurances?
Have you been told that a surety bond is the same as insurance? Or that insurance is better than a surety bond in the field of construction? There are contractors, who feel, that construction bonds are not necessary in order for their business to succeed. Unfortunately, these are often the same contractors who do not […]
Read MoreWhy your Relationship with your Surety Bond Producer Matters
Your relationship with a surety bond producer is like any relationship. It needs to be a good match for what you are looking for. A healthy relationship with your surety bond producer can be beneficial. It can help lower your stresses at work and help your business grow. But, what should you be looking for […]
Read MoreSurety Bond Producer as Your Advocate
The worst outcome has happened, you have had a claim filed against your business. What to do now? As this can be a stressful time, having someone in your corner can help lift a huge weight off your shoulders. This is where a surety bond producer as your advocate can be of enormous help. A […]
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How Claims Hurt
We’ve emphasized, in previous blogs, that a contractor has control in avoiding claims. The best way to avoid having a claim filed is to make sure that the contractor fulfills and documents all contractual obligations. But, if the contractor is not able to fulfill the contractual obligations, a claim may be filed. This will hurt […]
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