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The Benefits of Subcontractor Default Insurance for General Contractors
Subcontractor Default Insurance (SDI) protects general contractors from financial loss when a subcontractor fails to fulfill their contractual obligations. That failure on the subcontractor’s part can include inability to staff the project, delivering defective work, cash flow problems, bankruptcy, and more.
June 8, 2023
How to Deal with a Recession and a Hardening Surety Market
The Great Recession ended in 2009. Absent the whipsaw economic data caused by the reaction to COVID-19 in 2020, the United States has not experienced
May 22, 2023
Why a Surety Bond Is Better Than a Letter of Credit
Recently, I met with several successful business owners who are proud to say that they provide letters of credit in lieu of surety bonds for
April 8, 2023
Tips for General Contractors: How to Secure Your First Surety Bond
Surety bond underwriters want to say yes. Hard to believe, right? But the fact of the matter is that surety companies are in the business
February 18, 2023
