Commercial vs Contract Bonds

Anyone involved in the construction or contracting industries knows the importance—and the sometimes-unfortunate complexities—of surety bonding. Getting bonded carries so many benefits for your business, and may even be a legal requirement, depending on the work and individual project you’re p...

Construction Industry Outlook

2016 in many ways was a banner year for the construction industry with spending far up, to the tune of over 6% across the board in nonresidential construction and over 10% in residential construction. Because of this bounce-back, analysts had high hopes for 2017, especially since Federal policy was ...

2018 Construction Trends

Just like any business and industry, the construction industry follows trends in building that change from year to year. To remain competitive and solvent in the business, it’s essential to keep on top of the big coming thing. Unfortunately, the way these fads and trends move, it can sometimes be ...

Surety Bonds vs. Letters of Credit

When it comes to securing your business and protecting your customers, there are a range of options available, and the majority of businesses use some combination of several. The three most well-known are insurance, letters of credit, and surety bonds. Of these three, the two that can be the most co...

How Surety Bonds Protect Customers

You might be amazed at just how often you’ve been protected by a surety bond. Have you ever bought a home? Purchased a car? Hired a contractor for repair services? Have you ever gone out to a bar or club with friends? If so, a surety bond has been in place to protect you. These … Read More