Posts by EmoryDay

Not all surety bond professionals are created equal. There is a meaningful difference between working with a general insurance agent and a dedicated surety bond professional, and it can affect how much bonding capacity you are able to build. In this episode of Ask The Surety Pro, Chris Ruck, Vice President at Anderson & Catania,…

Accurately reporting your contract backlog matters to your surety company. And one of the most common mistakes is adding a change order to your contract value too early. In this episode of Ask The Surety Pro, Tony DeMartino, Surety Producer at Anderson & Catania, explains why you should not include a change order simply because…

If you own a construction company and want to increase your bonding capacity, one financial habit matters most: consistently taking profitable work. In this episode of Ask The Surety Pro, Joe Catania, CEO and Co-Founder of Anderson & Catania, explains why profitability is essential to building a stronger surety bond program. Growing revenue is important,…

Bringing outside investors into your construction company can provide the capital needed to grow. But it also raises an important surety question: will those investors be required to personally indemnify the surety? In this episode of Ask The Surety Pro, Chris Ruck, Vice President at Anderson & Catania, explains why personal indemnity is not always…

If you own a construction company in New Jersey, you already know that North Jersey and South Jersey can feel like completely different worlds. The labor environment, subcontractor networks, project types, and competitive dynamics vary significantly between the two regions. In this episode of Ask The Surety Pro, Tony DeMartino, Surety Producer at Anderson &…

Design-build delivery expands a contractor’s responsibility well beyond construction. And from a surety underwriting perspective, that expanded responsibility changes the risk profile of the project significantly. In this episode of Ask The Surety Pro, Joe Catania, CEO and Co-Founder of Anderson & Catania, explains why design-build projects are viewed differently by surety underwriters, what factors…

If your construction company has loaned money to an affiliated entity, your surety underwriter will want to understand it — and it may affect your bonding capacity more than you expect. In this episode of Ask The Surety Pro, Chris Ruck, Vice President at Anderson & Catania, explains how surety underwriters evaluate loans to affiliated…

Doubling your bonding capacity in the next 12 to 18 months is a realistic goal for contractors who approach it strategically. But it starts with being clear on why you need the additional capacity and building a financial case that an underwriter can get behind. In this episode of Ask The Surety Pro, Tony DeMartino,…

As your construction company grows, surety underwriters do not just review your financial statements. They want to understand the systems and processes behind them, and one of the most important areas they focus on is job cost tracking. In this episode of Ask The Surety Pro, Joe Catania, CEO and Co-Founder of Anderson & Catania,…

A CPA-reviewed financial statement supports most surety bond programs. But as a contractor grows and pursues greater bonding capacity, a surety may require the higher level of assurance that only a full CPA audit can provide. In this episode of Ask The Surety Pro, Chris Ruck, Vice President at Anderson & Catania, explains when sureties…