Ask the Surety Pro

Ask the Surety Pro

Anderson & Catania Surety Services Welcomes Donzaleigh Powell

Anderson & Catania Surety Services Welcomes Donzaleigh Powell

Dec 2 2020

Meet Donzaleigh Powell! From Nashville, Tennessee, she joins Anderson & Catania Surety Services, bringing her longstanding relationships with subcontractors, prime contractors, project owners, and construction industry decision-makers to the team. Joseph Catania: Hello! I’m Joe Catania, president of Anderson & Catania Surety Services and on behalf of our company we’d like to welcome Donzaleigh Powell, coming…
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What is the Main Factor That Determines My Bond Rates?

What is the Main Factor That Determines My Bond Rates

Nov 17 2020

Brent Headley, Surety Account Executive at Anderson & Catania Surety Services LLC, discusses what impacts surety rates, including the primary factor that determines your bond rates. Has COVID-19 changed the way sureties evaluate working capital? In 2020, COVID-19 is not changing the way sureties look at working capital, according to Brent. “The federal government stimulus…
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How is Anderson & Catania Surety Services Differentiated from Other Surety Brokers/Insurance Agents?

How is Anderson & Catania Surety Services Differentiated from Other Surety Brokers Insurance Agents

Oct 7 2020

Richard G. Anderson, CEO of Anderson & Catania Surety Services LLC, explains how the firm distinguishes itself from other bond service companies while helping its national and international clients. How many surety companies does A&C represent? We represent 38 sureties. How many years of experience do the surety professionals at A&C bring to their customers?…
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How Do I Use My Banking Relationship to Grow My Bonding Capacity?

How Do I Use My Banking Relationship to Grow My Bonding Capacity

Sep 9 2020

Brent Headley of Anderson & Catania Surety Services explains how relationships with building contractors are built on trust and how a good banking relationship can help establish that trust. Are bankers friendly to construction companies? “Interestingly, I have found the banks can sometimes not appreciate the important relationship that their client has with their surety…
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Growth Strategy Trends Within the Construction Industry

Growth Strategy Trends Within the Construction Industry

Sep 3 2020

Senior Surety Bond Broker & Advisor at Anderson and Cantania Surety Services, Chris Smith, discusses growth strategy trends within the construction industry with Johanna Quintero on Episode 6 of Smartvine Podcast. (video transcript) Introduction: Welcome to the Smartvine Podcast where we bring together the art and science of building a better work culture by aligning your…
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How Important is it to Work with a CPA Who is Well Versed in Surety?

How Important is it to Work with a CPA Who is Well Versed in Surety

Aug 13 2020

Your financial statements are only as accurate as the accountant who prepares them. It’s important to work with a CPA who is construction-savvy and knowledgeable about construction accounting. What Interview Questions Can Be Used to Make Sure A CPA Is Construction-Savvy? Joseph Catania, President of Anderson & Catania Surety Services, LLC (jcatania@acsurety.com), suggests that you…
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How Do Surety Companies Evaluate a Contractor’s Working Capital?

How Do Surety Companies Evaluate a Contractor’s Working Capital

Jul 30 2020

Brent Headley of Anderson & Catania considers working capital to be one of the most important financial considerations in determining a contractor’s bonding program. How Much Working Capital is Needed to Support a Bonding Program? Working capital is the balance between a contracting company’s current assets minus its current liabilities. “Typically speaking, your standard surety…
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What Should Contractors Do to Make Sure a Meeting with a Surety Company Produces the Best Results?

What Should Contractors Do to Make Sure a Meeting with a Surety Company Produces the Best Results

Jul 8 2020

An underwriter wants to see your whole organization. The CPA presentation is important, but the underwriter truly wants to get to know your passion for the construction industry, talk about your experience, get to know your personnel and their experience, what job sizes you can handle, discuss positive references on completed contracts, and understand the…
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