surety bond education center

What Is A Surety Bond

surety bond update

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

By Greg Rynerson | November 10, 2017

Surety Bond Update for Small Contractors in NJ with Surety Bond Authority The U.S. Small Business Administration has recently announced the changes made to the Surety Bond Guarantee (SBG) Program […]

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elements to a bond form

Elements to a Bond Form

By Greg Rynerson | October 16, 2017

Surety bonds are not limited to a specific contract. The scope of the contract guaranteed by the Surety is outlined in the bond form. Each state or jurisdiction has its […]

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surety bond fundamentals

Surety Bond Fundamentals

By Greg Rynerson | October 9, 2017

From Basic Laws, Co-Surety Roles to Subrogation Rights In this article, we tackle the surety bond fundamentals – from its basic laws to roles of the co-surety play and subrogation […]

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surety evaluate

How Does a Surety Evaluate a Principal’s Ability to Perform?

By Greg Rynerson | October 2, 2017

Evaluating a principal’s ability to perform an obligation is the final step in the underwriting process. Your ability to get bonds starts, and may end, here. To get approved for […]

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how to cancel a surety bond

Cancel a Surety Bond

By Greg Rynerson | September 17, 2017

State laws have been enacted in recent years which restrict Principals from effecting cancellation or nonrenewal except under specified circumstances. Providing the Surety a written notice that reasons the need […]

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2017 AIA Contract Documents

Revised Conditions of the 2017 AIA Contract Documents

By Greg Rynerson | September 4, 2017

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 […]

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Types of Surety Bond Collateral

Types of Surety Bond Collateral

By Greg Rynerson | August 29, 2017

What role does collateral play in surety bonds? In this article, we take a look at the types of collateral that sureties may accept, the right time to release collateral, […]

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surety bond vs letter of credit

Surety Bond vs Letter of Credit

By Greg Rynerson | August 21, 2017

Surety Bond vs LOC: Which is the BETTER option for contractors? To manage risks in construction projects, surety bonds, and letters of credit (LOC) are used to ensure financial compensation […]

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Surety Underwriting

The Surety Underwriting Process: What You Need To Know

By Greg Rynerson | August 14, 2017

In the process of obtaining surety bonds, you may come across the underwriting process. This process is quite intimidating, especially to new surety bond applicants. Here, we provide a brief […]

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surety bond modifications cancellations renewal

Surety Bond: Modifications, Cancellations and Renewal

By Greg Rynerson | August 7, 2017

Did you know that surety bonds can also be changed/modified, canceled, or renewed? This article will help you glean useful insights in case you are in dire need of bond […]

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