In today’s competitive environment, bonding is more important than ever for a subcontractor. Are you using it to your company’s advantage for business development opportunities?
On April 29, 2021 at 2:00 p.m. ET, Federated Insurance encourages SMACNA members to join Granite Re Surety Marketing Specialist Brandon Gainer as he presents the webinar “Surety Made Simple,” to discuss how to gain a competitive advantage with bid bonds, payment bonds, performance bonds, supply bonds, and more.
While surety bonds have historically been used on public work projects, lenders now frequently require them of general contractors, which means major subcontractors are also being asked for bonds. This webinar will explore the bond process and provide an overview of what successful contractors know when providing a surety bond, including:
- How surety can provide more business development opportunities
- What the surety market like today
- How the underwriting process can be simplified
Learning objectives include gaining a better understanding of:
- Various types of contractor bonds
- The bond underwriting process
- Successful contractor surety characteristics
- Avoiding pitfalls of contract failure
Federated Mutual Insurance Company and our subsidiary, Granite Re, Inc.*, are committed eliminating the middleman and developing a direct surety relationship focused to help you reach your goals. We’ll also verify proof of funding and acceptable bid spreads, as well as review job contracts to help avoid unnecessary risk.
Join this webinar to learn how the use of bonds can help your business gain a competitive edge.
*Granite Re, Inc. conducts business in California as Granite Surety Insurance Company.
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Federated Insurance is well known for its innovative products and services created specifically for contractors. They offer property and casualty, workers compensation, life and disability income insurance, risk management services, and surety products.