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Bonding 101: Key Things You Need To Know About Contract Surety Bonds.

A surety bond is a three-party agreement where the Surety (an insurance company), assures the Obligee (the Owner or Prime Contractor) that the Principal (bonded Contractor) will perform a contract.  Contrary to popular belief, a bond is not insurance, but an extension of credit.  It just happens to be issued by an insurance company.  Although [...]

By | 2016-11-18T16:29:39+00:00 November 18th, 2016|Surety Blog|Comments Off on Bonding 101: Key Things You Need To Know About Contract Surety Bonds.

Site-Specific Safety Plans

Site-Specific Safety Plans “SSSPs” are developed to prevent accidents on the job site by being pro-active with anticipating and eliminating hazards. The potential hazards are identified up front and safe work practices are defined to eliminate/control those hazards. The minimum elements of an SSSP should include things like: Having the subcontractor’s project manager, superintendent and [...]

By | 2016-11-04T12:10:31+00:00 November 4th, 2016|Surety Blog|Comments Off on Site-Specific Safety Plans

POPS Bowling Battle

Sarah, Jenna, Cheryl, Sonja and Kim represented the FSB Team at this year's POPS Bowling Battle! Florida Surety Bonds was proud to be a sponsor at the 2nd Annual POPS Bowling Battle in support of the Professional Opportunities Program for Students. The POPS charity mentors locals high school kids who lack good parental support, and [...]

By | 2016-10-18T15:14:37+00:00 October 18th, 2016|Surety Blog|Comments Off on POPS Bowling Battle

Construction Starting on a $200 Million Project in Lake Mary

A new $200 million, 34.5 acre, mixed-use community is coming to Lake Mary and construction is set to start next week. Griffin Farms at Midtown will be an upscale town center on the southwest corner of Lake Mary Blvd and Longwood Lake Mary Road and is set to bring a little bit of everything - [...]

By | 2016-10-14T13:51:12+00:00 October 14th, 2016|Surety Blog|Comments Off on Construction Starting on a $200 Million Project in Lake Mary

Florida’s Workers Comp Rate Increase Approved

As a follow up to an article we had in our Summer newsletter, an article in the Insurance Journal confirms that the Florida Office of Insurance Regulation has given contingent approval for a statewide workers’ compensation rate increase. They agreed on an increase of 14.5% which will take effect December 1, 2016. Read the full [...]

By | 2016-09-30T12:29:55+00:00 September 30th, 2016|Surety Blog|Comments Off on Florida’s Workers Comp Rate Increase Approved

How to Keep Good Cash Flow

As you all know, a key part of a successful company is positive cash flow! Below are some helpful ways to keep cash flow high, especially during a busy time of year. Control Costs - It's a good idea to have your bookkeeper, accountant, or controller justify his or her job by insuring all of [...]

By | 2016-09-16T15:54:20+00:00 September 16th, 2016|Surety Blog|Comments Off on How to Keep Good Cash Flow

This Thursday! Habitat for Humanity Builders BBQ

Florida Surety Bonds is proud to partner with Habitat for Humanity to build up our communities.  A couple of years ago, we sponsored a Veteran Build in Casselberry, and this year, we helped with the first phase of the Longwood Townhouse project near the Sunrail station.  I’m pleased that 6 families are moving in next [...]

By | 2016-08-30T13:20:38+00:00 August 30th, 2016|Surety Blog|Comments Off on This Thursday! Habitat for Humanity Builders BBQ

Largest Company by Revenue in Each State

Courtesy of Broadview Networks VoIP Blog. Broadview Networks   This map shows which industries dominate every US state. Broadview Networks used data provided by Hoover's to create this graphic, and the map specifically focuses on revenue from the last fiscal year.

By | 2016-08-26T13:08:47+00:00 August 26th, 2016|Surety Blog|Comments Off on Largest Company by Revenue in Each State

Deterring Employee Fraud in Your Business

    The construction business by its very nature involves large purchases of materials and equipment, as well as significant payments to subcontractors, so it is fraught with the opportunity for trusted employees to commit fraud. While it is important to be alert to the risk of theft by strangers, the potential for theft by [...]

By | 2016-08-19T17:27:09+00:00 August 19th, 2016|Surety Blog|Comments Off on Deterring Employee Fraud in Your Business