Below you'll find a list of all posts from July, 2022
Posted by Todd Taylor, AFSB, CPCU, for OldRepublicSurety What goes into determining the cost of a contract bond? Here is a basic introduction. Common Contract Bonds These are some of the most common contract bonds: Bid bond—surety consents to provide performance and payment bonds, if the contract is awarded Performance bond—guarantees performance according to contract, bond terms Payment bond—guarantees payment …
Posted by Shayne Albine, for OldRepublicSurety In today’s world, we are surrounded by advertisements. And whatever the product is, advertising consistently drives price to hook new customers. But is that the best approach? Think about advertising through the eyes of a consumer. I like to use the example of purchasing a new vehicle, which many of us can relate to. …
Posted by Todd Taylor, AFSB, CPCU, for OldRepublicSurety The number of surety companies represented in any region can make the task of prequalifying or differentiating among them challenging to say the least. Many bond agents and brokers have access to more than 30 surety company markets, and there can be important distinctions between each of them that should be understood …
