Posts for the ‘Commercial’ Category

A surety bond ensures contract completion in the event of contractor default. A project owner (called an obligee) seeks a contractor (called a principal) to fulfill a contract. The contractor obtains a surety bond from a surety company.

Eligibility Requirements for Small Business Contractors

To be eligible for a surety bond guarantee:

• Your business must be classified as small. The business combined with its affiliates must not exceed the size standard designated for the primary industry of the business together with its affiliates.

• What is a Surety Bond?A surety bond is a written agreement between a Surety Company and the Contractor, or Principal that helps protect the project owner, or Obligee,

Dear Valued Customer,

A surety bond is a written agreement between a Surety Company and the Contractor, or Principal that helps protect the project owner, or Obligee, in the event the Contractor fails to successfully perform the contract.

Dear Valued Customer,

In this issue of “——————-” we focus on the dangers of distracted driving.

There are numerous distractions that could endanger a driver and their passengers.

Distracted driving is any activity that could divert a person’s attention away from the primary task of driving. All distractions endanger driver, passenger, and bystander safety. These types of distractions include:

• Texting
• Using a cell phone or smartphone
• Eating and drinking
• Talking to passengers
• Grooming
• Reading,

• The number of people killed in distraction-affected crashes decreased slightly from 3,360 in 2011 to 3,328 in 2012. An estimated 421,000 people were injured in motor vehicle crashes involving a distracted driver,

For the most current information on State laws, please refer to the map below.

Click on an individual state or territory to learn more on its specific laws.

44 states,

Equipment Categories

Coverages available through the Contractors Equipment Floater Program include:

• Owned Equipment
• Office Equipment
• Unscheduled Equipment
• Extra Expense

Eligible Contractors

• Air Conditioning
• Carpentry
• Carpet/Furniture Cleaning
• Concrete Construction
• Door,

Business owners often do not realize that their business personal property coverage is limited to fixed locations specified in the policies. If you own equipment that moves between job sites or other locations,