Your construction business is off the ground and running. Even the Wright Brothers are impressed at how you’ve taken flight! But a company is only as strong as its workers. It is important to surround yourself with people who have faith in your business. It is also important that these people believe in your company’s […]
Read moreStarting your own construction business can sometimes be a leap of faith. But that faith in your business is stronger if you learn about the industry. For example, it is important to know the benefits of being a licensed, bonded and insured construction company. Why should I be licensed and apply for permits? The simple […]
Read moreThere are many who confuse surety bonds with insurances, as they are both a means to protect finances. But, in their execution of this goal, they serve different purposes. Confusing the two or using them interchangeably can stop your business from growing. In the world of construction, constructions projects may require a surety bond. With […]
Read moreWe have recently rolled out a program to partner up with insurance agents to get their clients the best surety bonds in the industry. So why should YOU work together, as an insurance agent, with Surety Bond Professionals? Well, we’re glad you asked! We offer access to the best carriers. We have been in the […]
Read moreSurety bonds are such a regular part of our business world today that it is hard to imagine a time where we didn’t have them. In a previous blog, we mentioned that the first form of a surety bond occurred in 2750 B.C. We wanted to investigate a little more about the history of surety […]
Read moreHave 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 moreYour 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 moreWe’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 the […]
Read moreIn the contracting world, there are some myths about surety bonds. Do you really need one or is it just an added protection, for a costly price? This leaves the contractor with a decision to make: avoid the project or work without a surety bond. Below we dispel some of these myths: The first misconception […]
Read moreWe started a conversation on our Facebook page the other day about the differences between surety bonds and subcontractor default insurance. We wanted to delve in a little more to help you decide if a subcontractor default insurance (SDI) or surety bond is the best way to protect your business. SDIs have become popular since […]
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