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 [...]
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 [...]
Pinktober 2016! Today, the team at Florida Surety Bonds wore pink in support of Breast Cancer Awareness.
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 [...]
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 - [...]
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 [...]
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 [...]
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 [...]
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.
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 [...]