Contractor Capacity: The oft neglected third C

Nina ConnerNews

Posted by Daniel Christianson, AFSB, for OldRepublicSurety Anyone who has dealt with surety has come across a reference to the three Cs of underwriting: Capital Character Capacity These three criterion have been constants of the surety industry since its inception. Read more about the three here>>>

Cash Flow: An Important Measure of Your Company’s Health

Nina ConnerNews

Posted by Wayne Messick, AFSB, for OldRepublicSurety The definition of cash flow is pretty straightforward: It’s the money that comes into your business minus the money that goes out. It’s a part of your CPA-prepared financials and is usually shown in a separate cash flow statement. Yet cash flow is more than an accounting exercise. It’s a key financial indicator …

I’ll Be There for You

Nina ConnerNews

Posted by OldRepublicSurety Dan Pope, Senior Vice President of Underwriting for Old Republic Surety, recently joined NASBP “Let’s Get Surety” podcast hosts Kat Shamapande and Mark McCallum for episode No. 59 about relationships in the surety business. The hosts asked Pope to define a relationship-based surety. It’s “a surety that’s in the business for the long haul, both in the relationship …

National Safety Stand-Down to Prevent Falls in Construction

Nina ConnerNews

Posted by United States Department of Labor Fatalities caused by falls from elevation continue to be a leading cause of death for construction employees, accounting for 351 of the 1,008 construction fatalities recorded in 2020 (BLS data). Those deaths were preventable. The National Safety Stand-Down raises fall hazard awareness across the country in an effort to stop fall fatalities and injuries. …