Surety Bonds. The Sensible Choice For Managing Risk. U.S. Department of Housing & Urban Development. Presented By:. Can Surety Bonds Help You?. How do you evaluate & manage risk? How do you ensure projects are completed on time, on budget, and to contract specifications?
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The Sensible Choice For Managing Risk
Contractor default is preventable
Surety companies & producers prequalify contractors
Surety companies back the bond with their own assets
Business plan – short & long term
Document business commitments that can affect the contractor’s business
Source: Dun & Bradstreet
Death or Illness
of Key Employee
*For a small and emerging contractor, premiums can start around 2.5-3%.
A.M. Best Companywww.ambest.com
Dun & Bradstreetwww.dandb.com
Standard & Poor’swww.sandp.com
State Insurance Dept.www.naic.org
Construction Bonds, Inc.
A Division of Murray Risk Management and Insurance
1110 Herndon Parkway, Suite 307
Herndon, VA 20170