News – Page 10 – National Surety Services

Solar Construction Trends Shaping the Industry

Not only is the construction industry hazardous, but it’s constantly uncertain. Trends in the industry are constantly changing, and businesses have to stay on top of every new development to remain competitive, and to stay solvent and profitable. Currently, it looks very much like the future is in...

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

How Surety Bonds are Paid

One common misconception about surety bonds is that they are just another form of insurance. That’s right in the sense that they offer a sense of security that you can complete the work you promise to complete. It’s not technically correct in the traditional sense of what insurance is and what i...

How Surety Bonds Can Benefit Your Business

Surety bonds are vital to your business operations. They are a required part of getting your construction bids and projects up and running; without them you can’t operate in a contracting business. For this reason, many people view them as nothing more than a necessary evil, an extra expense and r...

The Ultimate Guide to Construction Risk Insurance

Securing your construction business against unforeseen circumstances is not just a good idea — it’s vital to keeping everything up and running. After all, construction is a risky business all around, and at some point in time, the odds are that something unfortunate will arise that will cause yo...

Important Construction Stats for Managers

Statistics may be eminently malleable, but when used properly, they can be a valuable tool to illuminate where your business is working well and not quite making it up to par. Not only do you need to be aware of the general trends in the industry, but you also need to know how your business …...

How to Avoid 5 Common Construction Delays

Construction delays can be frustrating not only to you, but to your clients. They can put you in danger of having to rely upon your bond to pay penalties, and nobody wants that. The more you use your bonds, the harder it is to get more, and they’re loans that you have to pay back. …

Construction Safety Rules from OSHA You Really Can’t Ignore

Everyone knows that OSHA can be a real nightmare for construction site managers. Nobody wants to get hit by an audit, and if you’re in violation of their regulations, you can even lose your license to practice and your ability to get bonded. In truth, however, all of this is designed to protect bo...

Tips for Avoiding an OSHA Audit in Your Construction Business

No construction company wants to get stuck with an OSHA audit. It’s a nightmare and it usually means that somewhere, somebody accused you of violating a safety regulation. It’s even worse when you don’t know what you may have done wrong. As if it’s not enough of a hassle to deal with your bi...