Surety is Smart Business! A Performance Bond provides the project’s owner with a guarantee that the project will be completed in accordance with the specifications and requirements of the executed contract. A Payment Bond benefits the subcontractors and suppliers to…
Reinsurance- Insurance for Insurance Companies
Have you ever had any questions relating to Reinsurance? Andy Cassidy, Owner and Vice President here at EC&S is here to help with the below information: Reinsurance is based on the same principle as insurance—the sharing of risk. Just as…
What Can You Expect from Your Surety in 2015?
Surety executives were certain 2014 would be fraught with financial problems for contractors which obviously impacts surety results. They were, and are, particularly concerned about companies that showed prior signs of stress and then started to ramp up during the…