Under Medicare, an Accountable Care Organization (ACO) needs a repayment mechanism such as a surety bond. Accountable Care Organizations are groups of hospitals, doctors, medical suppliers, and other healthcare providers that come together to give high quality health care to Medicare patients. According to the Centers for Medicare and Medicaid Services, when an ACO succeeds […]
Contractors and other surety bond Principals are often frustrated that surety bond underwriters will not count retirement assets towards their bond capacity. This article explains how surety bond underwriters account for retirement assets and what Principals can do if they want to use these assets for surety bond purposes. What are Retirement Assets? Retirement assets […]
Understanding how surety bond underwriters look at trusts can have a significant impact on Bond Principals and the surety bond capacity they can obtain. Here is more information about how underwriters view surety bonds and trusts. What are Trusts? A trust is a legal, fiduciary arrangement where assets are held by a third party for […]
Many commercial contractors in Arkansas need an Arkansas contractor license bond. The state has different requirements for these Arkansas Contractor License Bonds depending on what type of work the contractor performs and what size the projects are. Classifications of Arkansas Contractors Arkansas separates contractors into four different classifications for licensing purposes. These are: Commercial License […]
What are International Surety Bonds? Well that depends on where you call home. Although we have customers and readers around the world, our headquarters is in the United States. This article writes international surety bonding from that perspective. International surety bonds include a wide variety of common surety bonds including the following: • Construction Bonds […]
Personal Protective Equipment or PPE is in high demand. Many public and private entities are placing large orders for supply of PPE and are asking the suppliers to provide Bid Bonds, Performance Bonds or Supply Bonds guaranteeing the delivery of these products. Unfortunately, many manufacturers of PPE products have never been asked for surety bonds […]
A Release of Mechanic’s Lien Bond can be an effective tool for Project Owners and Contractors alike. They can also be confusing and misunderstood by all parties. In this article, you can learn what you these surety bonds cover and how to get one. A mechanic’s lien is a valuable tool for contractors and material […]
Did you know that the Small Business Administration has a program for surety bonds? The program is called The Surety Bond Guarantee Program or SBG for short. The SBA itself is not a bond company. However, in the program the SBA will guarantee that if a surety bond company does suffer a loss, the SBA […]
What is in a single word? Well a lot if you are a contractor expecting to be paid for your work. Contingent Payment Clauses are very important to surety bond underwriters and they should be to contractors as well. Receiving payment is vital for every for-profit business. This is especially true in construction because contractors […]
Most contractors in Alaska need a valid contractor license and a valid Alaska Contractor License Bond to legally operate in the state. The license bond protects the public by ensuring that the contractor will perform their obligations and operate according to state and local laws. Specifically, Alaska requires the Contractor License Bond to protect the […]