Uncertainty about the rules abound, but sureties can take steps to protect themselves.

Additional checks and due diligence by the surety may be necessary to ensure that a purported small business really is a small business.

Construction site rules are changing, and new supply chain solutions are in the works.

Distributions, cash flow, and valuations must all be taken into account when communicating about the status of the plan.

ISTOCK.COM/GRAPHIXCHON By Douglas R. Allen Wow, what a year. It is inconceivable that a virus shut down the U.S. economy and quarantined people, in some places, for over two months. Well, it happened! That’s right: here we are restarting the economy and figuring out how to get things back to the new normal. My Dad always told me, “What happens ...

ISTOCK.COM/RONNIECHUA By Alexander Gorelik It is quite clear that 2020 has been an unusual year, to say the least. The global Coronavirus pandemic has already taken many thousands of lives and fundamentally affected millions more. However, the impact of the pandemic has not stopped there either, with most economies around the world coming close to a halt. That has certainly ...

ISTOCK.COM/PHOTOTECHNO and ETIAMMOS By David B. Dolnick This article was completed in early May 2020. Changes related to the COVID-19 crisis and construction and insurance industries are still occurring; some data in this article may have changed by the time of publication. In the world of surety, commercial insurance may not be a primary focus; and dealing with insurance-related issues ...

ISTOCK.COM/CYBRAIN and BRIANAJACKSON By David B. Dolnick In the first part of this discussion (See SBQ Web Exclusive Article Helping Your Clients in a Rapidly Changing Insurance Market), we took a look at what’s happening with commercial insurance rates and at prior market cycles. We made some educated estimates about where the insurance market appears to be heading, as uncertain ...

These bonds secure payment rights and can function more efficiently than the alternative, while avoiding the downside of mechanic’s liens.

Understanding legislative history and the approach of government investigators are keys to surviving scrutiny under the FCA.