Month: August 2020

You Missed the Boat!

You missed registering for our 9/1/20 FIA Surety Free CE class. But you can get in on the 10/1/20 program. You and all your colleagues can attend from your home or office computers.

  • Free!
  • Easy!
  • Learn about surety bonds!
  • Earn 3 CE credits!

Our Continuing Education courses are approved in NJ, PA, SC, FL, TX and TN. (more coming soon)

Click for details and registration

Since 1979, FIA Surety (a bonding carrier) has provided Site, Subdivision, Bid and Performance Bonds. Check us out!

Need a bond? Call: 973-541-3417

FIA Surety / First Indemnity of America Insurance Company, Morris Plains, NJ

We are currently licensed in: NJ, PA, DE, MD, VA, NC, SC, WV, TN,  FL, GA, AL, OK, TX

183. FIA Surety: Turning “DUH!” into “TA-DAH!”

How it started: “Hi Steve, I have a strange scenario I hope you can help me…”

Our agent had a performance bond client established with a surety and the SBA program.  They needed a P&P bond for a municipal project and the surety demanded payment in advance.  The client could not comply.

The award and notice to proceed were issued and the contractor commenced with the work – but the obligee forgot about the bond, until now. The contract is completed but the client cannot receive their final payment until they file a maintenance bond.  Due to weak credit, the surety is refusing to issue unless they add additional indemnitors.  The job is finished: DUH!

We gathered a file and asked for a status inquiry form from the obligee (to confirm the degree of completion and obligee’s satisfaction with the project.)  The contractor passed along the form, but the project manager refused to complete it, stating he “never saw one of these before.” DUH #2!

We made contact with the township engineer and after a friendly conversation, were able to verify everything was OK and they promptly completed the form for our records.  We evaluated the bonding requirements and determined that the Performance bond form contained an 18 month maintenance clause (no separate maintenance bond), so the P&P bond was still needed.  FIA Surety issued it, and with no SBA support or additional indemnity required: TA-DAH!

The agent is happy.  The contractor is happy.  The township has a completed project with maintenance coverage. We bonded a job that was completed and accepted.  Now was that so hard?

FIA Surety is First Indemnity of America Insurance Company, your go-to carrier for Site, Subdivision, Bid and Performance bonds. Call 856-304-7348

Making TA-DAH moments for our clients since 1979.

FIA Surety / First Indemnity of America Insurance Company, Morris Plains, NJ

We are currently licensed in: NJ, PA, DE, MD, VA, NC, SC, WV, TN,  FL, GA, AL, OK, TX

FREE CE!

First Indemnity of America Insurance Company
2740 Rt. 10 West, Suite 205
Morris Plains, NJ 07950
Office: 973-541-3417

Rated “A-” by A.M. Best

FIA Surety is First Indemnity of America Insurance Company, a provider of Site, Subdivision, Bid and Performance Bonds since 1979.  Call us when you need a surety bond!

Bid and Performance Bond App.  Site and Subdivision Bond App

Through our accredited FIA Surety School, we offer continuing education courses for insurance agents.  These courses are provided free of charge, a service of FIA Surety. You can participate in these teleconference sessions from the convenience of your home or office computer.  Meet the school director.

Use the registration form below and join us for the next FREE CE webinar!

We are an approved CE provider in these states:

  • Delaware 
  • Florida
  • Georgia
  • Maryland 
  • New Jersey
  • North Carolina
  • Pennsylvania
  • South Carolina
  • Tennessee
  • Texas
  • Virginia*
  • West Virginia
    * Virginia special rule: “No more than 75 percent of required credits may come from courses provided or given by insurance agencies or insurance companies. This includes all insurance companies or agencies, not just companies or agencies with which one is associated.”

Upcoming Classes:

  • July 1, 2022, Friday, 8:45 am to 12:10 pm Eastern time, Zoom webinar CE class
    Ethics for Insurance” (3 CE Credits) Approved in all states listed above. FLORIDA NOTE: This course does not fulfill the new Florida CE requirement for “4 hours of Law and Ethics.”
  • August 1, 2022, Monday, 8:45 am to 12:10 pm Eastern time, Zoom webinar CE class                Surety Bonds 101” (3 CE Credits) Approved in all states listed above.
  • September 1, 2022, Thursday, 8:45 am to 12:10 pm Eastern time, Zoom webinar CE class        Understanding Financial Statements” (3 CE Credits) Approved in all states listed above.
  • Advanced Financial Statement Analysis” will be offered again soon.
  • “All About Performance and Payment Bonds” will be offered again soon.
  • “Commercial and Miscellaneous Bonds” will be offered again soon.
  • “Understanding Site and Subdivision Bonds” Will be offered again soon.
  • WIP Schedules – Own Them!” will be offered again soon.
  • General Indemnity Agreements – Be An Expert!” will be offered again soon.
  • Pre-Register for multiple upcoming classes.  Jump on the FIA CE Express and we will pre-register you for all our upcoming webinars (No obligation.  You are not required to attend)  It’s easy! One course on the first business day of each month.  Type FIA CE Express in the “course” field of the registration form.  We’ll send you a reminder prior to each event.

To attend our webinars, please complete the form below and we will send you a confirmation email. Please register at lease two days before the scheduled class date.

Questions?  Call us!  Steve Golia, Director 856-304-7348

FAQS:

  • Q. Are the Continuing Education classes approved by the state? A. Yes, our courses are fully approved by the state insurance departments as indicated above.
  • Q. How many credits are provided in each course?  A. Three CE credits per course.  You can get credits for each course once per license cycle.
  • Q. Who may attend these classes?  A. ALL agency employees are welcomed to attend our programs. However, only licensed P&C agents are eligible to receive Continuing Education credits.
  • Q. How many people from our agency may attend? A. Our maximum per webinar is 100 attendees.  Tell your colleagues not to miss it.
  • Q. How much do the courses cost?  A. All the “Free CE” courses, as you may have surmised, are free, a service of FIA Surety.
  • Q. How is the course delivered?  A. These are Zoom meetings / webinars you may attend from any computer at work or home.
  • Q. Do I need special software?  Do I have to buy anything?  A. No, Zoom meeting is a free service!  You do not need to buy or download anything in advance.  You will receive an entry invitation (a link to click) by email prior to the webinar.
  • Q. Can I attend the webinar from my home computer? A. Yes.  You can attend from any device that enables you to see and hear the webinar, and type in the chat window.
  • Q. How do I attend a future course?  A. Complete the brief registration form below and press “Submit.” We will send you an acknowledgment that your registration has been processed. If you do not receive an acknowledgment, it means your registration did not go through.  Call Steve Golia, School Director: 856-304-7348.  About 24 hours before the webinar, we will send you an email with the link to the Zoom meeting.  Click the link to enter the meeting on the day indicated.
  • Q. Can I take a course immediately before my license renewal date?  A. You can take our courses any time during the term of your license.  However, time is needed to post and process your credits, therefore we recommend attending the courses at lease 10 days prior to your anniversary.
  • Q. What do I need to do during the course?  A. To be eligible for CE credits, you must be able to see and hear the webinar.  You need to be present continuously, give the program your undivided attention and respond to our attendance verification prompts in the chat window.
  • Q. When are the classes held?  A. From 8:45 am to 12:10 pm Eastern time zone (includes set-up and break time.) You must be present the entire time to be eligible for CE credits. This is followed by a delicious lunch, provided at your own expense. (:^D)
  • Q. Is there a final exam?  A. No.
  • Bookmark this page!  We update the schedule of offerings frequently.

REGISTRATION FORM – Click “SUBMIT” at the end.

NOTE: Add “sgolia@fiasurety.com” to your contacts to assure you will receive the Zoom meeting link.

EVERYONE is welcome to our webinars. If you not attending for CE credits, enter “N/A” for the license info.

gif-of-waving-american-flag-7

Beautiful!!

Thanks for submitting your registration.

Graduate from the SBA

Congrats to the kids!!  They finally made it.  Now its their time to move on and move up.  What about contractors in the SBA Bonding program?  Is it their time to graduate?

The SBA program is a great help, and the people are awesome: dedicated, helpful.  But the program has a down side.  It costs time and money to obtain their bonding support.  So if a contractor could get federal and other projects without this extra step, why wouldn’t they?

Here’s what you gain, more or less, by graduating into a regular surety relationship:

More

  • Time to pursue productive activities – new projects, strategic planning, employee training, educational opportunities, etc.
  • Time for other personal and family priorities
  • Profits on your projects and financial statement overall
  • Increased profits can lead to higher bonding limits and bigger projects
  • Credibility – a graduated company no longer needing extra help

Less

  • Bonding expenses (bond premium plus SBA fee) on each project
  • Time spent filling out double forms for the surety and the SBA
  • Answering questions to both
  • Waiting for approvals

OK, so if graduating sounds great, how do you do it?

Step one: Ask the current bonding company to provide bonds without the SBA program.  If they do it, you can thank us later!

Step two: If they refuse, call FIA Surety!  We provide bonds for federal and local projects without the need for SBA support.  It takes a creative, experienced surety to graduate contractors.   FIA has been providing Bid, Performance & Payment, Site and Subdivision Bonds since 1979. We’re steady.  We’re willing.  We’re creative.

It’s time to graduate!

For Site, Subdivision, Bid and Performance Bonds call Steve Golia: 856-304-7348

FIA Surety / First Indemnity of America Insurance Company, Morris Plains, NJ

We are currently licensed in: NJ, PA, DE, MD, VA, NC, SC, WV, TN,  FL, GA, AL, OK, TX