Posted by Beth Harbeck, OldRepublicSurety The internal workings of the surety make or break agent experience. You know the situation: marketing comes in, does a great presentation, and ratchets up the energy level. The desired result occurs, and bond agents commit to increasing production; then, they enter the underwriting process and… How many agents have become frustrated with sludge-like responsiveness, …
Key Items in Your Construction Contract – Damages for Delay
Posted by Kelly Kimmel, OldRepublicSurety There is a saying in the construction surety world: “Contract is king.” If your contract and bonds end up in a litigation setting, courts tend to hold the surety to the contract over the bond forms. Performance and payment bonds, by their nature, carry out the terms of a contract and therefore are inherently attached …