National Surety Agency Blog

21 03, 2019

Professional Surety Agent as an Advisor

By | 2019-03-21T09:23:08+00:00 March 21st, 2019|insurance agents|0 Comments

In the more than 100 years since modern corporate surety has been established, some of the largest corporations of today accelerated their growth when they established a surety relationship and added their professional surety agent to their small group of independent advisors. Along with their attorney and CPA, the professional surety agent brings considerable experience [...]

13 03, 2019

Union Wage and Welfare Surety Bonds

By | 2019-03-21T09:25:08+00:00 March 13th, 2019|License & Permit Bonds|0 Comments

Wage and welfare bonds, also known as union bonds or wage bonds, are a type of surety or financial guarantee bond that a union requires an employer of union members to post, to ensure that negotiated union benefits are properly paid along with union dues. In the event that a union affiliated shop does not [...]

26 02, 2019

2019 Construction Projections

By | 2019-02-27T19:30:59+00:00 February 26th, 2019|contract bonding, insurance agents|0 Comments

Government backed infrastructure projects are prized contracts for contractors and subcontractors alike.  How the infrastructure and construction forecasts look for each year is always of utmost importance to companies as they explore new opportunities. At South Coast Surety, we prepare our brokers and agents to meet the needs of construction clients providing the most current [...]

26 02, 2019

What Businesses can use Surety Support?

By | 2019-02-27T19:56:51+00:00 February 26th, 2019|contract bonding, insurance agents|0 Comments

In my last column we discussed how a Bond-Only Surety Managing General Agency, like South Coast Surety, can act as an independent insurance agent’s own surety department. Today we are going to chat about the many businesses that can benefit and grow their business with a good Surety relationship established for bidding and bonding contracts. [...]

20 02, 2019

2018 Change to Iowa Beer, Wine & Liquor Permit Regulation: New Surety Bond Requirement

By | 2019-02-27T20:00:19+00:00 February 20th, 2019|insurance agents|0 Comments

The Iowa Alcoholic Beverage Division revised its laws concerning beer, wine and liquor sales effective September 5, 2018.  The most impactful among the new requirements is the mandate for surety bonds. New applicants must obtain a surety bond prior to application submission.  All existing license holders must obtain a surety bond before license renewal. The [...]

29 01, 2019

New Dentistry Medical Device Bond Required

By | 2019-02-27T20:02:03+00:00 January 29th, 2019|Uncategorized|0 Comments

Today we explain: Why all U.S. dentists providing medical devices to patients need a surety bond in 2019 How we can help you get bonded quickly at the best rates available. All medical professionals, including dentists, enjoyed an exemption to medical device sales regulation until now. Recently, the Centers of Medicare and Medicaid Services [...]

23 01, 2019

Contractors Plan Ahead for Bids and Builds

By | 2019-01-23T15:46:45+00:00 January 23rd, 2019|contract bonding|0 Comments

Contractors are gearing up for the 2019 construction season. They are surveying the landscape; reviewing infrastructure plans and newly posted bid opportunities. Now is the time to consider bid bonds, months before groundbreaking takes place. South Coast Surety offers an excellent bid bond program that’s an easy sell for [...]

23 01, 2019

Commercial Bond Customers- Driven by the Calendar

By | 2019-01-23T17:03:56+00:00 January 23rd, 2019|insurance agents|0 Comments

Insurance Brokers: supplement your income by offering commercial surety bonds to your clients Whether it is a new or existing business client, all agents rely on annual renewed policies for a steady stream of income. These clients all have renewal deadlines to meet, insurance, surety and licensing. By combining surety sales with insurance, you [...]

28 11, 2018

Contract Surety Beyond Construction: Service and Supply Bonds

By | 2019-02-27T20:11:52+00:00 November 28th, 2018|Uncategorized|0 Comments

The spotlight on contract surety is most often related to public constructions jobs which are high profile and lucrative to all business associated with them. Often overlooked is contract surety for other governmental needs.  Our agents and brokers have plenty of contract bond sales opportunities with Service Bonds and Supply Bonds. Local, state [...]