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Bonds

DCAMM and Electronic Bid Bonds

Did you know that Massachusetts Division of Capital Asset Management & Maintenance (DCAMM) has enhanced its construction contract procurement processes by transitioning to an Electronic Bid Bond submission?

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The Optional Coverages - Are they really optional?

When insurance coverage is required by specifications and you intend to win that job, your decision to buy the insurance is easy. The hard part is finding the right coverage at the best price. But, what about the optional coverages? I’m not talking

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Indemnity Agreements for Surety Bonds

We are often asked questions as to why a surety needs personal information when qualifying a company for a bond. This all has to do with the principle of indemnity. The surety bond product itself would cease to exist without this principle. In this post,

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Fiduciary Liability vs. Fidelity/Crime Coverage

Fiduciary Liability, Fidelity, Crime, Theft, Employee Dishonesty, 3rd Party Crime, ERISA Bonds – Oh My!! Anotheret of coverages in oureries of articles describing The Optional Coverages – are they really optional?  What do all of these terms

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What your ERISA Bond is NOT!

Your ERISA Bond is NOT: Fiduciary Liability Insurance, Employment Practices Liability Insurance, Errors and Omissions Insurance, Directors and Officers Liability Insurance, Identity Theft Insurance. This post explains the difference.

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Use Your Bonding Company as a Resource!

In uncertain times such as these, your relationship with your bond company is especially important.  As part of their underwriting process, they have teams of analysts monitoring the legal, economic and political climate across the country.

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