Need something new to share with your construction contractor clients about surety bonding? Starting an email or social media campaign to attract new business? There are now 9 new items in the NASBP Producer Communications Toolkit 2.0 for you to use! The NASBP Industry Relations Committee helped identify new resources that would help producers discuss the value of surety bonding with construction contractors.

Check out these new resources!

 

New Toolkit Items For Producers

 

Bond Producers Providing Support to Clients with a Surety Claim 
NASBP bond producers and an attorney share how producers can act as a conduit between the surety and the contractor during the claims process.

 

 

 

What Surety Professionals Should Know About Private Equity-Backed Construction
This article discusses the unique challenges that private equity companies bring with regard to bonding and business practices. Includes interviews with an underwriter and a CPA.

 

 

 

 

New Toolkit Items for Contractors

 

Top 15 Accounting Habits of Successful Contractors
A three-part NASBP Surety Bond Quarterly magazine article series for NASBP bond producers and their construction clients with accounting tips to help a contractor client grow.

 

 

 

 

 

Trust But Verify: Prequalifying Project Owners and GCs
This NASBP Surety Bond Quarterly article describes how contractors can prequalify project owners and how subcontractors can prequalify GCs. The surety can assist with information to help ensure the principal will be paid fully and on time. The article also includes a link to a webinar on this topic.

 

 

 

Combating Onerous Construction Project Contract Language
This NASBP Surety Bond Quarterly article shows how onerous contract language can harm both contractors and surety coverage. The article offers ideas for amending problematic language.

 

 

 

Opinion: How and Why It’s Important to Keep the Surety Informed
This NASBP Surety Bond Quarterly article provides a Q&A format that highlights the importance of communication between bond parties.

 

 

 

Why GCs Should Bond Back Subs
This NASBP Surety Bond Quarterly article reinforces the importance of bonding subcontractors to protect the GC’s investment in the project.

 

 

 

 

Building Success: Key Practices for Small Construction Contractors
This NASBP Surety Bond Quarterly web exclusive article focuses on four best practices for small construction contractors.

 

 

 

 

Building Relationships: How Contractors and Surety Professionals Can Navigate Economic Adversity Together
This NASBP Surety Bond Quarterly web exclusive article highlights to contractor clients the importance of maintaining the surety relationship.

 

 

 

 

These are just some of the valuable, free tools NASBP bond producers will find in the NASBP Producer Communications Toolkit 2.0 to help them promote the surety product to construction project stakeholders, including project owners, lenders, architects, and contractors.

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. #BeGuaranteedToSucceed #surety.