Contract surety bonds, which are surety bonds written for a construction project, protect owners from financial liability in the event a project isn’t completed. There’s always risk for both owners and contractors when starting a new project, but using a surety broker helps minimize that risk. When all the major players in a construction project are on the same page from the beginning – the owner, the contractor, and the surety broker – projects are more likely to be successful.
Shane Brown recently shared his thoughts on the construction industry, risk, and the value of surety brokers with the National Association of Surety Bond Producers (NASBP). Shane mentions that “a contractor who is values-driven, is advisory-oriented, will always quickly identify their surety broker as a great talent and wealth of advice. When we’re fortunate enough to be there with them, it’s a powerful combination.” See more on NASBP's website.