National Surety Agency Blog

26 03, 2019

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

By | 2019-03-21T17:18:08-07:00 March 26th, 2019|contract bonding|0 Comments

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 corporate [...]

25 03, 2019

Court Bond, Who Needs One and Why?

By | 2019-03-21T17:11:57-07:00 March 25th, 2019|Court Bonds|0 Comments

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, there [...]

21 03, 2019

Professional Surety Agent as an Advisor

By | 2019-03-21T09:23:08-07:00 March 21st, 2019|insurance agents|0 Comments

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 experience [...]

13 03, 2019

Union Wage and Welfare Surety Bonds

By | 2019-03-21T09:25:08-07:00 March 13th, 2019|License & Permit Bonds|0 Comments

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 not [...]

26 02, 2019

2019 Construction Projections

By | 2019-02-27T19:30:59-08:00 February 26th, 2019|contract bonding, insurance agents|0 Comments

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 current [...]

26 02, 2019

What Businesses can use Surety Support?

By | 2019-02-27T19:56:51-08:00 February 26th, 2019|contract bonding, insurance agents|0 Comments

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 contracts. [...]

20 02, 2019

2018 Change to Iowa Beer, Wine & Liquor Permit Regulation: New Surety Bond Requirement

By | 2019-02-27T20:00:19-08:00 February 20th, 2019|insurance agents|0 Comments

The Iowa Alcoholic Beverage Division revised its laws concerning beer, wine and liquor sales effective September 5, 2018.  The most impactful among the new requirements is the mandate for surety bonds. New applicants must obtain a surety bond prior to application submission.  All existing license holders must obtain a surety bond before license renewal. The [...]