Ask Your Surety Pro – What to Tell Your Surety When You’re Closing Your Construction Business

By EmoryDay | April 7, 2026

If you're planning to close your construction business, the most important call you can make is to your surety broker — before anything else changes.

In this episode of Ask The Surety Pro, Joe Catania, Co-Founder and CEO of Anderson & Catania, explains why early, transparent communication with your surety is critical during a business wind-down — and what your surety specifically needs to understand to help you avoid claim exposure.

The conversation is not about the closure itself. It's about how you plan to responsibly wind down your bonded obligations. That means being prepared to discuss:

Your active project status and completion percentages
Your current financial position and liquidity
Your specific plan for completing bonded obligations

Waiting until things are "settled" before reaching out is one of the most common and costly mistakes contractors make in this situation.

Watch time: 1:53