The cost of workers’ compensation can be a source of frustration for a business owner. We recommend that you consider turning this expense into an opportunity. While work comp is often the most expensive property and casualty insurance premium for businesses, it is also an expense upon which you have control. What drives the cost or workers compensation and how do you manage it? A key component in determining your premium is your Experience Modification…

Construction projects are complex. Ane tool that can be a lever for owners, lenders, and investors are contract bonds. They can also be used between any contractor and his lower tier subs. What is a surety bond? A surety bond is an agreement between three parties: The Principal – The contractor responsible for completing the project. The Obligee – The project owner or entity requiring the bond. The Surety – The company that guarantees the…

In the dynamic world of construction, having options may be a strategic advantage. That’s why we offer contractors a Back-Up Contract Surety Program. This is non-disruptive way to protect you against unforeseen changes in your broker and surety relationships, with your needs as a business, and with changes in the surety marketplace. A back-up surety program is a secondary bonding relationship that complements your primary surety arrangement. It does not replace your current agent, broker, or…