Our Blog - Surety Matters

WOODCLIFF LAKE, NJ, March 2, 2021 Colonial Surety Company is excited to launch the newest addition in a growing portfolio of digital, direct-to-customer, bond, and insurance products. As an insurtech innovator, Colonial is advancing a…
Read Moreabout Court & Fiduciary Bonds Online, Instantly | The Partnership Account® for Attorneys

WOODCLIFF LAKE, NJ October 26, 2020 Colonial Surety Company is thrilled to announce the launch of a direct and digital pre-qualification process for bid and performance I-Bonds®, empowering contractors across the country to simplify, partner,…
Read Moreabout Colonial Surety Company Introduces Simplify And Partner: A New Online Digital Approval Process for Contractors

The latest US Commercial Construction Index shows signs of optimism. How prepared is your company for growth? Secure partners to help you respond quickly to new projects The US Chamber of Commerce Report Two of…
Read Moreabout Construction Rebound? Ready, Set, Grow!

Fraud happens in every kind of business—and despite regulations, the surety bond industry is no exception. Following an investigation by the Federal Bureau of Investigation and the New Hampshire Insurance Department, last week a man…
Read Moreabout Combating Fraud In the Surety Bond Industry

Great news for contractors! Per an analysis by the Associated General Contractors of America, or AGC, employment within the construction province has bloomed from May to June in 31 states and the District of Columbia. “The…
Read Moreabout June Construction Employment Skyrockets

The coronavirus pandemic fosters a plethora of uncertainty for contractors, subcontractors, suppliers, owners, and sureties. In every state across America, guidelines are being put in place to determine if construction is an “essential” infrastructure to…
Read Moreabout The Potential Impact COVID-19 Will Have on Contract Surety

Whether you’re starting a business, launching a construction project, or entangled in court, you will need a surety bond to guarantee payment from the surety to the obligee if the principal is unable to meet…
Read Moreabout What are Principals and Obligees in Surety?

A surety bond can be required to start a business, take on a public construction project, or fulfill a court requirement. A surety bond is a three-party agreement between the principal, obligee, and surety. If…
Read Moreabout The Parties in a Surety Agreement

Using a composite steel frame that is rebar free, The Erection Co., finished topping out its 850 square foot Rainier Square Tower in Seattle, Washington in just ten months. The building is scheduled for completion…
Read Moreabout Rebar Free Design Allows Contractor to Top Out Building in 10 Months