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Communication between you, agent, surety underwriter vital. (Risk Management).

Publication: Mississippi Business Journal
Publication Date: 28-APR-03
Format: Online - approximately 726 words
Delivery: Immediate Online Access
Full Article Title: Communication between you, agent, surety underwriter vital. (Risk Management).(Column)

Article Excerpt
It has been nearly two years since I've covered the subject of surety in detail.

If you require any type of surety bonds -- miscellaneous or contract -- I am sure that you are well aware of the fact that the surety bond market has hardened just like the insurance market. Since we all know the primary reasons for this, let's discuss a few specific issues you may be facing.

First and foremost, I decided to write this at this time since the majority of contractors have a Dec. 31 fiscal yearend. If you have not yet provided your surety company with a year-end financial statement, you may...

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