Surety Matters

Our blog covering the latest in bonds and insurance
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…
Read Moreabout Federal Contracts Without Bonding Requirements May Still Require Bonds

Federal Contracts Without Bonding Requirements May Still Require Bonds
Surety Bonds 01.21.2019

What is a License & Permit Surety Bond?

License and permit surety bonds are a specific type of surety bond required by federal, state, and local government agencies to ensure that a business stays in compliance with all applicable laws and regulations. Sometimes called…
Read Moreabout What is a License & Permit Surety Bond?

What is a License & Permit Surety Bond?
Surety Bonds 01.17.2019

As the Economy Grows, More License & Permit Surety Bonds Needed

Nonfarm employment rose by 312,000 in December 2018 with job gains occurring in health care, food services, construction, manufacturing, and retail, according to the U.S. Bureau of Labor Statistics. With more people employed, it means…
Read Moreabout As the Economy Grows, More License & Permit Surety Bonds Needed

As the Economy Grows, More License & Permit Surety Bonds Needed
Court Bonds 01.15.2019

Federal Rules of Civil Procedure Now Allow 30 Days for Appeal Bond

Effective December 1, 2018, several changes to the Federal Rules of Civil Procedure were enacted, including rules mandating electronic service and filing for persons represented by counsel, establishing a national signature standard for electronic filing…
Read Moreabout Federal Rules of Civil Procedure Now Allow 30 Days for Appeal Bond

Federal Rules of Civil Procedure Now Allow 30 Days for Appeal Bond
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…
Read Moreabout Funds Control in Contract Surety

Funds Control in Contract Surety
Surety Bonds 01.02.2019

What is a Surety Company?

Surety bonds are either written by individual surety companies or subsidiaries or divisions of larger insurance companies engaged in the business of acting as a surety. These companies are authorized to do business by the state…
Read Moreabout What is a Surety Company?

What is a Surety Company?
Surety Bonds 12.21.2018

Collateral Security: The Surety’s Power

The indemnity agreement is the foundation of the surety bond. It’s what separates surety from insurance: the agreement functions as a mechanism to have the principal repay the surety for any claims paid out to…
Read Moreabout Collateral Security: The Surety’s Power

Collateral Security: The Surety’s Power
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…
Read Moreabout How the Contract Surety Industry Functions

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…
Read Moreabout What is Contract Surety Underwriting?

What is Contract Surety Underwriting?