Surety Matters

Our blog covering the latest in bonds and insurance
Contract Surety 02.06.2019

Surety Industry to Nearly Double in Next Decade Due to Contract Surety

The global surety market is expected to grow to over $28 billion by the year 2027, up from $15.33 billion in 2018. The growth of nearly 100% is expected due to the imminent replacement of…
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Surety Industry to Nearly Double in Next Decade Due to Contract Surety
Contract Surety 01.22.2019

Federal Contracts Without Bonding Requirements May Still Require Bonds

Federal construction contracts over $150,000 requiring payment and performance bonds should not be a surprise to federal construction contractors. But what happens when a federal contract over $150,000 is ambiguous as to whether it’s specifically…
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Federal Contracts Without Bonding Requirements May Still Require Bonds
Contract Surety 01.02.2019

Funds Control in Contract Surety

Construction projects and contract surety come bundled with an assortment of risks, ranging from inability to meet deadlines to poor workmanship to workplace injuries. But one of the biggest risks of a construction project isn’t…
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Funds Control in Contract Surety
Contract Surety 12.14.2018

How the Contract Surety Industry Functions

It’s tough to come up with an overarching description of the contract surety industry. Like the insurance industry its products so resemble, the industry is cyclical. The industry also has a long tail, meaning that a…
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How the Contract Surety Industry Functions
Contract Surety 12.14.2018

What is Contract Surety Underwriting?

When you try to purchase a bid or performance bond, it has to go into “underwriting” before you can actually receive your bond. So what exactly is contract surety underwriting and what goes into the…
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What is Contract Surety Underwriting?
Contract Surety 12.10.2018

How to Make Sure Your Subcontractors Finish Their Work

As the construction industry has rebounded since 2008 and continued to grow to this day, the biggest concern in the industry is finding dependable, qualified resources, specifically subcontractors, to work with on new and ongoing…
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How to Make Sure Your Subcontractors Finish Their Work
Contract Surety 12.04.2018

How to Contract Student Bus Services in New Jersey

Nearly every New Jersey school needs to provide some sort of transportation to get students to and from school. But what are the requirements of contracting student bus and transportation services in New Jersey? And…
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How to Contract Student Bus Services in New Jersey
Contract Surety 12.03.2018

Ontario’s New Construction Act Brings Contract Surety Changes

Ontario’s Bill 142, the province’s new Construction Act, is the largest set of new construction rules the province has seen in 35 years. With the first part of the Act in effect in July 2018, we wanted to…
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Ontario’s New Construction Act Brings Contract Surety Changes