PROJECTSTATUSCONNECTION

The surety industry faces the increasingly difficult challenge of providing surety credit to contractors that do not generate significant premium volume to justify the underwriting expense given the probability of severity of loss. Recent adverse underwriting results have made a great many qualified contractors unqualified for surety credit not by themselves, but in the cost and statistical risk factors associated generically... Goal: To respond to the challenge of a negative statistical risk factor qualified contractors must be able to quantifiably demonstrate their qualifications. By recognizing the resources available to quantify a risk, those who understand those resources best will be able to differentiate themselves, and be offered the opportunity to participate in public works to their full potential. Our goal is to not only help qualified contractors reach their full potential, but for the surety industry to be able to provide a surety program to a very qualified group of..