South Coast Surety Blog

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?

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

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. [...]

By | 2020-07-21T10:14:42-07:00 February 20th, 2019|Insurance Agents|Comments Off on 2018 Change to Iowa Beer, Wine & Liquor Permit Regulation: New Surety Bond Requirement

New Dentistry Medical Device Bond Required

Today we explain: Why all U.S. dentists providing medical devices to patients need a surety bond in 2019 How we can help you get bonded quickly at the best rates available. All medical professionals, including dentists, enjoyed an exemption to medical device sales regulation until now. Recently, the Centers of Medicare and Medicaid Services [...]

By | 2020-07-21T10:20:58-07:00 January 29th, 2019|Uncategorized|Comments Off on New Dentistry Medical Device Bond Required

Contractors Plan Ahead for Bids and Builds

Contractors are gearing up for the 2019 construction season. They are surveying the landscape; reviewing infrastructure plans and newly posted bid opportunities. Now is the time to consider bid bonds, months before groundbreaking takes place. South Coast Surety offers an excellent bid bond program that’s an easy sell for [...]

By | 2020-07-21T10:23:06-07:00 January 23rd, 2019|Contract Bonding|Comments Off on Contractors Plan Ahead for Bids and Builds

Commercial Bond Customers- Driven by the Calendar

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 [...]

By | 2020-07-21T10:25:18-07:00 January 23rd, 2019|Insurance Agents|Comments Off on Commercial Bond Customers- Driven by the Calendar

Contract Surety Beyond Construction: Service and Supply Bonds

The spotlight on contract surety is most often related to public constructions jobs which are high profile and lucrative to all business associated with them. Often overlooked is contract surety for other governmental needs.  Our agents and brokers have plenty of contract bond sales opportunities with Service Bonds and Supply Bonds. Local, state [...]

By | 2020-07-21T10:26:13-07:00 November 28th, 2018|Uncategorized|Comments Off on Contract Surety Beyond Construction: Service and Supply Bonds

Lost Title and Lost Instrument Bonds

When clients need a lost title bond, call South Coast Surety People lose things all the time, even important documents. When you have a client with a lost title, be prepared to help by providing a title bond from South Coast Surety. Potential customers are individuals or business clients [...]

By | 2020-07-21T10:27:55-07:00 November 28th, 2018|Uncategorized|Comments Off on Lost Title and Lost Instrument Bonds

The Mystery of Non-Construction Contract Surety Bonds

Since 1893, the federal government has required contractors to obtain bonds for federal public works projects to assure performance of the contract and payment to certain laborers and materials suppliers. The federal law mandating surety bonds is the Miller Act of 1935. Most states and local jurisdictions have similar legislation, commonly referred to as [...]

By | 2020-07-21T10:37:06-07:00 September 12th, 2018|Uncategorized|Comments Off on The Mystery of Non-Construction Contract Surety Bonds

How Can a Contractor Increase Their Bonding Capacity?

How can a contractor take it's bonding capacity to the next level? Steven Swartz PRESIDENT/CEO South Coast Surety Construction Executive magazine featured Steve in their 14th annual 'Contractor's Guide to Surety Bonding' where he answers the question that many contractors have - how does a contractor grow their surety bonding capacity? Steven Swartz: "Some [...]

By | 2020-07-21T10:38:31-07:00 September 12th, 2018|Uncategorized|Comments Off on How Can a Contractor Increase Their Bonding Capacity?