August 2025 – Secrets of Bonding

We Solved It!!

Steve, here is the story. FIA Surety provided the requested bid bond based soley on indemnity – we rarely require collateral or funds control.

Details:

So how did we do it? We supported the case based on the following:

Our highly capable agent knows them well and recommended our support.
The credit reports were not weak despite the poor FYE results.
The internal, mid-year statement showed improvement
They are holding an excessive amount of equipment and will raise capital by selling unnecessary items
The owners have loaned money to the company (a sign of good faith)

OK, you caught us thinking on the job. Guilty as charged!

We’re your “Go-To Carrier” for T-listed bonds in all states. Contract, Site and Subdivision bonds up to $10,000,000.

P.S. Check out our Free CE School. We’ve added new states:
https://fiasurety.blog/2020/08/16/free-ce/

FIA Surety, a Palomar companyhttp://www.fiasurety.com

Actual comments from our 8/1/25 FIA Surety Free CE webinar, “Work In Process Schedules – Own Them!”

I very much enjoy the program. Especially that the viewers are able to ask questions and serious time is spent in discussing the questions and making sure the answer is given and explained
A great program! I learn so much and it’s great hearing the comments from ppl in the industry.
Always informative and Steve keeps it interesting and engaging. So nice to have an offering of CE credits in Surety

“Engaging…” Was the last CE class you attended engaging? People say ours are!!!

For more info and our “once and done” registration, click or go here:
https://fiasurety.blog/2020/08/16/free-ce/

More good news: We’ve added California, Massachusetts, Arizona and Ohio to our Free CE program. Tell your colleagues to sign up!

This is a free service of your “go-to” carrier for Contract, Site, and Subdivision Bonds up to $10,000,000: FIA Surety, a Palomar company

Secrets of Bonding