(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 [...]
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 [...]
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 [...]
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, [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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. [...]