Little Miller Acts are active in just about everywhere you go in this nation. They’re in place to provide essential protections to subcontractors and vendors on construction projects. They are named after the Federal Miller Act which began life as the Heard Act of 1894, and gradually evolved into ...
Month: July 2018
Understanding Surety Bonds
If you run a contracting business, you’re going to come up against the requirement for surety bonding at some point in time. Whether it’s the U.S. Miller Act, any of the state Little Miller Acts, or local and regional requirements, being bonded is quite simply a necessity to keep your business o...
Why You Want a Surety Expert
Surety bonding is a fact of life in the construction and contracting industry. It’s the means by which construction companies not only protect themselves and their clients, but prove their own reputations. A company that carries the right bonding is sure to complete the job responsibilities to whi...
Why Your Insurance Agent Should Be Working with a Surety Expert
One of the biggest mistakes many contractors make is thinking that surety bonds and insurance coverage are the same thing. In truth, while these two forms of coverage are similar, they are separate and distinct, and fulfill different purposes in your business operations. It’s vital to have both, b...