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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 in the construction and surety industry. Just as when contractors are getting used to the 2007 …
Revised Conditions of the 2017 AIA Contract Documents Read More »
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 in case of default or failure to fulfill contractual obligations. However, surety bonds have more advantages over LOCs when it comes to the parties involved, …
California-based Bond Company is now offering marijuana surety bonds for the Cannabis industry across the country Los Angeles, CA, August 15, 2017 — Surety Bond Authority, Inc., a surety bond company based in California, is now expanding its service reach by providing marijuana surety bonds in every state that require them as part of the …
Surety Bond Authority Launches Nationwide Surety Bond Services for the Cannabis Industry Read More »
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 overview of how surety bond underwriters identify risks, understand terms and conditions, and evaluate the Principal’s three C’s. This outline also includes information the surety …
The Surety Underwriting Process: What You Need To Know Read More »
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 modifications, cancellations, and renewal. Modification Your existing surety bond can be modified through the issuance of a surety bond rider. A surety bond rider …
Surety Bond: Modifications, Cancellations and Renewal Read More »
While surety bonds are now becoming the core requirement before conducting business in California, choosing a Surety Bond Company in California can get confusing. Here are some tips to help you get started. If you created a business in California, it might be in your interest to post a surety bond. Surety bonds are available …
Tips on Selecting a Surety Bond Company for Your California Business Read More »
Telemarketing is the fastest growing industry today, and companies are using this to generate sales. Telemarketing is carried out over the phone and sometimes through web conferencing scheduled during the call. It includes both making sales pitches through direct phone calls or playing pre-recorded sales promotions over the phone. Many telemarketing companies in Los Angeles …
Phone Solicitors: You Need a Los Angeles Telemarketing Bond Read More »
Which 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 manage risks are often vulnerable to subcontractor defaults. As a contractor, you owe it to …
Surety bonds are not only for contractors or individuals involved in court proceedings. When you’re entangled in the commotion of starting a new business, it’s pretty easy to ignore the need for surety bonds. Getting a surety bond is the first step to obtaining licenses and permits for new business owners. Here, we list down …
Surety Bond in Arizona: 10 Types of Businesses that Require a Surety Bond Read More »
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 contractor completes the project according to the specified contract. However, there is a bit of …
Retention Bond vs Performance Bond: What’s the Difference? Read More »
