Contractors need a stable surety bond program.
The construction economy hasn’t exactly shifted into high gear just yet, but the future looks a lot brighter. As we move into 2014, contractors gearing up to pursue public works projects or other bonded work will want to ask yourself: where do I stand with my surety?
Your capacity to qualify for the best terms on your surety bond program creates business opportunities for you and protects the interest of the community that depends on your work.
Take steps to secure heavy equipment.
As a contractor, farmer or business owner, you know that the theft of a piece of your equipment could cause you misery as well as financial loss.
The financial loss goes beyond the replacement cost of the machine; it can mean down time for your business and costly delays in your work schedule. Read More
Ask questions before hiring a building contractor.
If your family or business is planning a construction project in 2014, you can help assure your project’s success by selecting a qualified general contractor. Business owners and homeowners can mitigate construction risks by asking a lot of questions up front and weighing several factors before hiring a contractor.
A reputable contractor will not mind if you check credentials.
Lightning doesn’t strike the same place twice, but disaster can if you fall victim to unscrupulous contractors. The National Insurance Crime Bureau reports that insurance fraud accounts for about 10 percent of all property casualty claims. While the majority of contractors are trustworthy, some take advantage of vulnerable policyholders, and the added expense can result in higher insurance costs for all consumers.
Protect yourself from scams by considering these tips on what to do when someone offers services: