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 [...]
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 contracts. [...]
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 [...]
Insurance Brokers: supplement your income by offering commercial surety bonds to your clients Whether it is a new or existing business client, all agents rely on annual renewed policies for a steady stream of income. These clients all have renewal deadlines to meet, insurance, surety and licensing. By combining surety sales with insurance, you [...]