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Obtain a New Jersey HVAC & Refrigeration Contractor Bond
If you’re an HVAC or refrigeration contractor looking to do business in New Jersey, understanding the state’s licensing and bonding requirements is...
The 4 Essentials you should be sharing with your Surety Underwriter
Keeping your Surety underwriter in the dark is never a good idea. Surety companies are your partners who support the growth and stability of your...
Changes to New Jersey Contractor Bond Requirements: What You Need to Know
Major changes are coming to New Jersey's home improvement contracting industry this year. If you're a Home Improvement Contractor Business (HICB) or...
What does a General Contractor look for when hiring a Trade Contractor?
There are several factors that a General Contractor (GC) will look for when hiring a trade contractor for work on a construction project. Here are 4...
Determining Standard vs Non-Standard Bond Limitations
Many active bond users can sometimes be limited in their bonding potential. These limitations occur differently depending on the bond program. There...
10 Surety Underwriting Concerns
Surety bond underwriting is essentially the pre-approval and evaluation of the two bond performance requirements. These requirements were determined...
Defaulting on Surety Bonds
When beginning work on a project, it’s often required that the contractors have surety bonds in place. However, not only can a surety bond protect a...
Why Should You Bond Back Your Subcontractors?
Shrewd General Contractors (GC) need to consider requiring surety bonds from their first-tier subs. This will help manage a contractor’s risk in any...
Surety Bonds and P3s
Public-Private Partnerships (P3s) involve a challenging combination of new relationships and risk transfers for the private sector. While it has...