What You Should Know About Surety Bond Indemnity Agreement

Signing an indemnity agreement is a standard procedure when obtaining a surety bond. It is second to the last step in the bond process – just right before the bond is issued. As the word suggests, indemnity means protection or … Continued

4 Mistakes First-Time Surety Bond Buyers Make and How to Avoid Them

    While it’s true that surety bonds are not as intimidating – nor as expensive – as they may seem, it can also be safely said that they’re not the easiest things in the world either. What we meant by that statement is that the same criteria … Continued

4 Types of Problems Small-Scale Contractors Face – Which One Are You Currently Having?

    The construction industry is expected to experience healthy economic times. Construction spending, for one, continuously grows according to the Department of Commerce. In fact, construction spending grew to $1.257 trillion late last year. Not only that, the Bureau of Labor Statistics confirms … Continued

How can a surety bond be verified?

      Much has been said about the key players of a surety bond, the process of obtaining a bond, and the role a surety bond plays in a specific industry or business. However, the issuance of a surety bond is not the final … Continued

SURETY BOND UPDATE: Bigger Opportunities for Small Contractors in New Jersey Thanks to the Amended SBA Surety Bond Program

The U.S. Small Business Administration has recently announced the changes made to the Surety Bond Guarantee (SBG) Program which will benefit small contractors in the State of New Jersey. The amended program – which started on the 20th of September … Continued

Revised Conditions of the 2017 AIA Contract Documents

Industry Round Up Blog: Tackling the latest on the new insurance and bonds exhibit, digitization, and sustainable projects exhibit In this monthly industry round-up, we take a look at the new revised AIA conditions as well as commentaries from those … Continued

Surety Bond Authority Announces Available Nevada Surety Bonds for the State’s Diverse Markets

California-based surety bond company extends its surety bond services to the Silver State. Los Angeles, CA, July 11, 2017 – Surety Bond Authority, Inc. widens its surety bond availability as it now reaches Nevada’s contractors, businesses, and residents. The company’s … Continued

Surety Bond or Subcontractor Default Insurance?

What is the better option to manage subcontractor risks? Getting subcontractors adds a new dimension to a construction project. Construction companies, whether large or small that can mitigate subcontractor risks are far safer and more secure. Contractors that do not … Continued

Retention Bond vs Performance Bond: What’s the Difference?

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State statutes require contractors working on public projects in the United States to post different types of construction surety bonds. One of the most available and common types of surety bond is the Performance Bond where it guarantees that the … Continued

SURETY BOND UPDATE: Virginia Contractors Can Now Submit a Surety Bond as a Licensure Requirement

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Great news for Class A and Class B Contractors in Virginia! They now have the option to post a surety bond instead of providing and maintaining a minimum net worth required when applying for a license. Under Senate Bill 1113, … Continued

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