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. [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
Walking the line of a surety producer/agent and surety underwriter on the surface sounds difficult. In practice, it is just that. It's challenging. Entering the world of surety over twenty-five years ago, after years in the finance/banking industry, was a fairly smooth transition. Having worked as a consumer and business bank loan officer for [...]
Learn Why Surety Bonding Support Is Important For Contractors, And How To Get It. Some contractors try to avoid bonded jobs, with the following methods: Only bidding where bonding is not required. Bidding under prime contractor's bond Advocating for bond waivers Advocating for alternative insurance/guarantee products Unfortunately that makes it much harder to win [...]