5 ways surety can reduce risk & maximize business success.
You know what surety is and how to establish a relationship with an agent and a carrier. You understand that the work you put into obtaining and maintaining your surety relationships results in the issuance of bonds which aim to protect the party you are doing work for (obligee). If the obligee gets protection, and the surety gets premium, what do you get? The answer, actually, is a lot.
1. Working with a reputable surety provides you with more opportunities.
Work for public entities (i.e., federal, state, municipalities) requires the ability to provide bid, performance and payment bonds. Having the support of a surety gains you access to that world of opportunities.
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