NASBP strives to offer tools for bond producers to make the most of their surety career. The updated NASBP SuretyJobs career center has numerous resources for those new to surety and those looking to increase their knowledge. Another great set of resources for your employees—the NASBP Producer Communications Toolkit 2.0! If your agency has new employees or team members moving into a different position, Toolkit 2.0 can help them learn more about surety and help them focus on the best way to speak about the surety product.
EXPLAINING THE VALUE OF SURETY BONDING
This article explains the importance of being able to describe the surety process and its value. It will help everyone be better prepared to discuss surety bonding. Included are recent examples of new items bond producers can use in their explanations: NASBP Surety Shorts videos and the Ernst & Young (EY) study, The Economic Value of Surety Bonds.
MYTHS VS FACTS: PAYMENT BOND MYTHBUSTERS
This article offers a look at payment bond myths, helping your staff see when our understanding of the rules needs to be modified to account for exceptions and when the rules may be flatly wrong and need to be busted once and for all. This can also be shared with industry stakeholders.
FREQUENTLY ASKED QUESTIONS FROM BOND PRODUCERS ABOUT THEIR ROLE IN THE CONTRACT BOND CLAIMS PROCESS
This NASBP publication offers insight for bond producers into the bond claims process and guidance when answering inquiries from obligees, principals, claimants, and others. The publication has 14 questions that present a scenario a bond producer might be faced with in the claims process, with helpful information and answers for each one.
ANSWERS TO 32 QUESTIONS PUBLIC AND PRIVATE OWNERS ASK ABOUT CONTRACT BONDING
NASBP’s set of Answers documents (for Small Contractors, Architects, and, this one, for Project Owners) explains how surety bonds benefit project stakeholders and ensure project success in an easy-to-understand, question-and-answer format. Starting with the basics, “What is a surety bond?” and moving to more complex questions, these documents offers a wealth of knowledge for your staff and can be shared with project stakeholders with all levels of surety knowledge.
STAKEHOLDER TALKING POINTS
Describing the surety process and the value of surety bonds is paramount in the industry. These talking points, specific to each stakeholder’s needs and goals, can be weaved into general conversation, presentations, and emails to clients. Your staff will be able to show they know what is most important to the project stakeholder.
These are just some of the valuable free tips and guidance NASBP bond producers will find to help them promote the surety product to construction project stakeholders, including project owners nasbp.org/guaranteed/owner, lenders nasbp.org/guaranteed/lender, architects nasbp.org/guaranteed/architect, and contractors nasbp.org/guaranteed/contractor. Check out NASBP's social media posts every Friday to learn more about the new NASBP Toolkit 2.0 resources. Visit the Toolkit 2.0 to learn more here: nasbp.org/guaranteed. #BeGuaranteedToSucceed #surety.