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Surety agents/brokers come in all sizes and shapes. What this really means is that the experience and ability of your surety broker is going to be a result of their surety background, experience and intelligence. Not all surety brokers are the same, just as all financial advisors are not the…

It’s usually not the end of the world when your surety company says “no,” but certainly this is a position you should try to avoid. However, when a surety does surprise you by denying your bond request, there is a disconnect somewhere between the surety, the broker, the client, or…

Putting together a surety program can range from a simple project to a complex undertaking, depending on the variables involved. The key is to identify the specific variables, steps and level of complexity in advance, so the proper approach can be taken from the start. The more complex and potentially difficult…

We might as well admit that many companies look at surety bonds as a necessary evil. This is because it’s a product that usually requires a personal guarantee and may also impede a business owner from success if bonds cannot be obtained under reasonable terms and conditions. On the flip side,…

You need at least one good bonding relationship, and that relationship should be with your surety broker. A good surety broker can effectively guide you through what could otherwise be an unwieldy and confusing process. For companies where bonding is critical, you may also want your broker to help you…

Without the right surety broker, you are rolling the bonding dice. Worse yet, some people don’t know they are essentially gambling when it comes to their company’s surety bond needs.  Surety bonds are a very specialized non-insurance credit product and a relatively small niche segment of the entire insurance industry.…

CLEVELAND – Jan. 6, 2023 – Oswald Companies, one of the country’s largest independent insurance brokerage and risk management firms, is pleased to announce the appointment of Debbie Beebe to practice leader of the firm’s Architects & Engineers Practice. Debbie brings more than 30 years of professional experience in the…

With the evolution from the design-bid-build approach to construction to more collaborative delivery models (integrated project delivery, design-build, delegated design, design-assist), all or portions of the risk for negligent act, errors or omissions in design have shifted to the construction manager and its subcontractors. General liability policies carried by contractors…

On occasion, the client of an attorney will need a surety bond, which is placed by surety brokers. We refer to these as Court, Fiduciary and Probate Bonds, which are required by various courts in our judicial system.  These bonds are used to protect either property or money. So, let’s take a…

Supply chain limitations, cost management uncertainty and ever-changing interest rates face the construction industry every day. Those in the industry, from financiers, risk managers to project owners, must anticipate what may lie ahead. They also need to consider new strategies to mitigate risks tomorrow or in the future.