NASBP is pleased to offer the following informative resource materials on commercial surety. Bond Execution Guide - An basic manual to help administrative staff reach a general understanding of the basics of the surety bond form, including important terms and items to check
This workshop provides a deep dive into commercial surety. The instructors are commercial surety producers and underwriters with years of experience, they will outline key elements of commercial surety including legal requirements, financial analysis, underwriting processes, participant roles, and risks
The purpose of this course is to provide a thorough orientation to commercial surety compared with other forms of insurance and to give instructions on how to attend to the details of commercial surety bonds at all relevant stages. The focus is on the key elements of commercial surety and includes legal requirements, underwriting processes, participant roles, and risks
This Level II workshop provides a deep dive into commercial surety at an advanced level and is intended for the bond producer/underwriter/account manager with 3+ years of experience and/or who wants to expand their understanding of the depth and breadth of the Commercial Surety product. The instructors are commercial surety producers and underwriters with years of experience, who will lead students through an intensive 4-day training experience with a curriculum that includes: detailed financial analysis, private equity, energy, claims, bankruptcy, reinsurance, international, ethics, and more. This workshop will be an interactive and immersive experience with students working through case studies allowing them to dive into the details of commercial surety across a diverse array of industries
Please log in to register, or contact prodev@nasbp.org if you do not have a log in. Members/Affiliates/Associates - $2,395.00 Non-member - $4,790.00 If you are not an NASBP Member/Affiliate/Associate please click on link below to create an acount in order to process your registration.
08-05-2024
In this article, we consider issues that could arise when quantifying losses in commercial and construction disputes arising from COVID-19. 1,2 As explained further below, specific challenges arise relating to: projecting the claimant’s cash flows in such a rapidly changing environment; assessing the claimant’s discount rate given the significant volatility in financial markets; and documenting the delay and / or disruption caused to construction projects by the outbreak. Lost profits in commercial disputes For the purposes of the discussion regarding losses in commercial disputes, we have assumed that a respondent has been found liable for breach of contract and that liquidated damages, or other contractual measures of loss, do not apply
Interest in international commercial surety bonds has risen in several regions of the world, creating opportunities and challenges for producers, said Kathleen Mitchell, National Practice Leader for Surety at Wells Fargo Insurance Services USA, Inc
It is ideal for anyone looking for a well-designed course that provides a comprehensive understanding of Commercial Surety in today's environment
The course can be taken at your own pace over a twelve month period: REGISTER Developed by NASBP Commercial Surety Committee in partnership with WebCE , the leading nationwide supplier of state-of-the-art CE courses for licensed insurance professionals, Commercial Surety Fundamentals provides a thorough orientation to commercial surety products and practice. Its chapters are: •Commercial Surety Fundamentals •Evaluating Risk and Exposure •Underwriting the Principal •Professional Bond Agency Responsibilities “This online course is a great overview of commercial surety and a convenient way to earn CE credits for those of us in the surety business
Level I, II, III, and Commercial Surety School will be offered during Surety School