Incorrect Project Estimates Cause Construction Cost Overrun
It’s extremely difficult for construction projects to come in under budget. Poor project management may be one reason for the error while unforeseeable circumstances may be another. But one of the most common causes of…
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Massive Surety Industry Growth Expected by 2025
With much global infrastructure needing to be replaced in first world countries such as the United States, the global surety market is expected to grow by 7% per year up to the year 2025. There are going…
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Four Ways the Newly-Released SECURE Act Will Affect Your Retirement
President Trump recently signed into effect one of the most dynamic transformations to retirement planning in recent years. The SECURE Act, or the Setting Every Community Up for Retirement Enhancement Act, creates numerous provisions to…
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How to Set Up a Trust
A trust is created when the trustor, grantor, or settlor transfers property to the trustee, who will efficiently manage the property for the beneficiaries. A trust is one slice of a comprehensive estate plan, partnered…
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6 Cyber Security Tips for Small Businesses
In this digital province where everyone’s information is found online, it’s a no brainer to make cyber security a priority. When protecting your business and its valuable data, it’s never a smart idea to cut…
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What is a Receiver and What Do They Do?
A receiver is an individual selected by the court to receive power, property, and assets of a firm pending an ultimate decision of a lawsuit. Receivers are chosen by the court, government, or contract. Per…
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Benefits of the Partnership Account for Associations
Our Partnership Account has helped streamline the bonding and insurance process for industry associations and their members. The Partnership Account is a business arrangement between Colonial Surety and industry associations that can help generate revenue…
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Colorado Lost Instrument Bond
In the state of Colorado, a lost instrument surety bond is required to protect against losses of financial securities, like checks, stock certificates, mortgages, certificates of deposits, money orders, bankbooks, unclaimed property, promissory notes, life…
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A Licensing Guide for South Carolina Residential Builders
In South Carolina, home builders must follow specific steps in order to be officially licensed and carry out future projects. Though the licensing process for residential builders can be relatively simple, there are critical events…
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