PPT-Everything you ever wanted to know about surety bonds

WCOE USA Annual Congressional and Leadership Conference February 4 2012 Mark McCallum National Association of Surety Bond Producers NASBP CEO Susan Hecker NASBP Board Director and Area Executive Vice President of Gallagher Construction Services. When an individual is arrested for a crime, the person is typically taken to a local detention facility for booking prior to incarceration in a lock-up station or county jail. Once arrested and booked, the defendant has several options for release pending the conclusion of his or her case. We get it. Every once in a while circumstances lead to possible time behind bars. We are here to get you or your loved one out of jail and back home. We are fully licensed, bonded and insured, and we can assist you through this difficult situation. Just give us a call. We can get you a bond with 0 percent down on approved credit. However surety bonds are not limited to public construction Many private project owners stipulate bonding requirements on their projects and prime contractors may require subcontractors to obtain bonds In todays competitive construction environment Relationships Important . to Construction Firms . The Value of a Knowledgeable. Construction/Surety . Attorney. © Copyright 2014 NASBP. 1. A Construction Firm’s Important Advisors. Among the most important advisors to a construction firm are:. Surety . Bond Guarantee . Program. for Small Businesses. The Basics . – . What to Look For . Contract . Surety Bonds:. Contract bonds . & why . they are required. What bond underwriters look for. Understanding the Basics of Contract Surety Bonds. © Copyright 2014 NASBP. What is a Surety Bond?. A surety bond is a promise to be liable for the debt, default, or failure of another.. A surety bond is a three-party contract by which one party (surety) guarantees the performance of a second party (principal) to a third party (. Understanding General Agreements of Indemnity. © Copyright 2014 NASBP. General Agreements of Indemnity (GIAs). A GIA is a contract between a surety company and a contractor (or subcontractor)/principal.. Surety . Bond Guarantee . Program. for Small Businesses. The Basics . – . What to Look For . Contract Surety Bonds:. Contract bonds . & why . they are required. Getting Pre-Qualified. What bond underwriters look for. 18 April 2002. 341st CONS. Home of the. Two-Time AFSPC. Top Dollar Champions!. “Takin’ Care of Business”. 2. Agenda. Definitions. Types of Bonds. Bid Guarantees. Performance & Payment Bonds. Important Notes:1. Availabilityofcoverageandthetermsandconditionsthereofmaybesubjecttoregulatoryapprovaland/orunderwriter’sdeterminations.2. Thetermsandconditionsavailablemayvarydependingonthel Suretyship. Suretyship. is an agreement by means of which one person (the surety) renders him/herself liable towards a creditor for the debts of another person (the principal debtor) if that person does not pay. Chad Rosenberg. Rosenberg & Parker. Outline. SATs. What is Surety. Current Surety Marketplace. Onerous Language. Surety Apptitude Test. SAT Question 1. After the U.S. what country has the most annual premium?. Understanding the Basics of Contract Surety Bonds. © Copyright 2014 NASBP. What is a Surety Bond?. A surety bond is a promise to be liable for the debt, default, or failure of another.. A surety bond is a three-party contract by which one party (surety) guarantees the performance of a second party (principal) to a third party (. AlabamaAlabama1st2015JanuaryFORM BMC-84 United States Department of TransportationFederal Motor Carrier Safety AdministrationA Federal Agency may not conduct or sponsor and a person is not required