South Coast Surety Blog

What Is the Difference Between a Bid Bond and a Performance Bond?

A common question among contractors is: “What is the difference between a bid bond and a performance bond?” And to be honest, there are many differences between the two bond types. Think of a tomato and an orange. Sure, they’re both technically fruits. But only one of them belongs in a fruit salad. In [...]

By | 2020-08-17T13:27:58-07:00 August 17th, 2020|Contract Bonding|Comments Off on What Is the Difference Between a Bid Bond and a Performance Bond?

Steve Swartz, President of South Coast Surety Passed Away at Age 71

(South Coast Surety will post more on the passing of our founder Steven Swartz in the near future, but in the meantime here is our formal press release covering this unexpected, extremely unfortunate loss.) May 9, 2019 Press Release Steve Swartz, President of South Coast Surety Passed Away at Age 71 It is with [...]

By | 2020-07-07T08:14:14-07:00 May 9th, 2019|Uncategorized|Comments Off on Steve Swartz, President of South Coast Surety Passed Away at Age 71

License & Permit Bonds: Renewal Dates on the Horizon

Brokers and agents can stay ahead of the competition by know what bonds are likely to renew in the near future.  Refer to the list below to know what bond renewals are on the horizon. Call our team of surety experts with any questions 800-361-1720. Contact and upsell your clients in specific industries on [...]

By | 2020-07-21T08:28:23-07:00 April 15th, 2019|License & Permit Bonds|Comments Off on License & Permit Bonds: Renewal Dates on the Horizon

When it Comes to Contract Surety, Think Large and Small!

With contract surety, many agents and brokers focus on the large general contractors because they typically manage large projects and have large surety needs. However, the demand is just as great or greater with smaller or more specialized subcontractors who are essential to completing these large projects.  As an agent, you probably have many [...]

By | 2020-07-21T10:05:37-07:00 March 26th, 2019|Contract Bonding|Comments Off on When it Comes to Contract Surety, Think Large and Small!

Court Bond, Who Needs One and Why?

There is a multitude of reasons an individual, lawyer or institution may need a court bond.  When legal oversight of a person, trust or estate is necessary, courts require a surety bond to protect those involved in the proceedings. Protections are necessary to avoid possible loss from fraud, negligence or incompetence.  For this reason, [...]

By | 2020-07-21T10:06:45-07:00 March 25th, 2019|Court Bonds|Comments Off on Court Bond, Who Needs One and Why?

License & Permit Bonds: Renewal Dates on the Horizon

Brokers and agents can stay ahead of the competition by know what bonds are likely to renew in the near future.  Refer to the list below to know what bond renewals are on the horizon. Call our team of surety experts with any questions 800-361-1720. Contact and upsell your clients in specific industries on [...]

By | 2020-07-21T10:09:08-07:00 March 21st, 2019|License & Permit Bonds|Comments Off on License & Permit Bonds: Renewal Dates on the Horizon

Professional Surety Agent as an Advisor

In the more than 100 years since modern corporate surety has been established, some of the largest corporations of today accelerated their growth when they established a surety relationship and added their professional surety agent to their small group of independent advisors. Along with their attorney and CPA, the professional surety agent brings considerable [...]

By | 2020-07-21T10:10:19-07:00 March 21st, 2019|Insurance Agents|Comments Off on Professional Surety Agent as an Advisor

Union Wage and Welfare Surety Bonds

Wage and welfare bonds, also known as union bonds or wage bonds, are a type of surety or financial guarantee bond that a union requires an employer of union members to post, to ensure that negotiated union benefits are properly paid along with union dues. In the event that a union affiliated shop does [...]

By | 2020-07-21T10:11:22-07:00 March 13th, 2019|License & Permit Bonds|Comments Off on Union Wage and Welfare Surety Bonds

2019 Construction Projections

Government backed infrastructure projects are prized contracts for contractors and subcontractors alike.  How the infrastructure and construction forecasts look for each year is always of utmost importance to companies as they explore new opportunities. At South Coast Surety, we prepare our brokers and agents to meet the needs of construction clients providing the most [...]

By | 2020-06-30T10:22:38-07:00 February 26th, 2019|Contract Bonding, Insurance Agents|Comments Off on 2019 Construction Projections

What Businesses can use Surety Support?

In my last column we discussed how a Bond-Only Surety Managing General Agency, like South Coast Surety, can act as an independent insurance agent’s own surety department. Today we are going to chat about the many businesses that can benefit and grow their business with a good Surety relationship established for bidding and bonding [...]

By | 2020-07-21T10:12:44-07:00 February 26th, 2019|Contract Bonding, Insurance Agents|Comments Off on What Businesses can use Surety Support?