Old Republic Surety News

Transitioning from FastBonds to a Standard Bond Program

This post is part of a series sponsored by Old Republic Surety. Especially now, at the leading edge of the post-pandemic construction boom, your agency’s contractor clients may need to increase their bonding capacity to take on more and larger …

8 Tips to Increase Your Agency’s Surety Bond Business

This post is part of a series sponsored by Old Republic Surety. There’s a significant surety revenue stream hiding within the average independent agency’s book of commercial business. Need clues? Here are eight to get you started! Are you an …

Corporate Crime: How Fidelity Bonds May Reduce Its Impact on Your Business

This post is part of a series sponsored by Old Republic Surety. Fidelity bonds differ from liability insurance and errors and omissions insurance. They protect against corporate crime. Does your commercial client’s business own valuable assets or expensive equipment? Maintain …

How Sureties and Contractors Can Mitigate Performance Defaults

This post is part of a series sponsored by Old Republic Surety. When contractors have a project that is in danger of default, they sometimes mistakenly believe that their surety bond is equivalent to an insurance policy. They also may …

Is It M for Thousand and MM for Million, or K for Thousand and M for Million? I’m Asking for a Friend

This post is part of a series sponsored by Old Republic Surety. If you’re confused about the letter designations that stand for thousands and millions, you’re not alone. And it’s not your fault. In fact, it’s one of our most …

Why Character Is So Important for Underwriting Surety Bonds

This post is part of a series sponsored by Old Republic Surety. When a surety company asks personal questions of construction clients, they may think the surety is too invasive. Here’s why the answers to those questions are so important …

Lessons from the Field: Why Business Continuity Planning Is Essential

This post is part of a series sponsored by Old Republic Surety. Perpetuation is a concern not only for insurance agencies and sureties, but also for their construction company clients. Without a business continuity plan, a construction company risks its …

Maintaining Surety Credit in Times of Growth and Transition

This post is part of a series sponsored by Old Republic Surety. Growth, expansion and acquisitions are all good, right? Not necessarily. Here’s what you need to know to keep your construction company in good standing with your surety company. …