Ask the Surety Pro

Ask the Surety Pro

How Should I Describe the Talent of My Key Employees to a Surety Company?

How Should I Describe the Talent of My Key Employees to a Surety Company

Apr 29 2021

Donzaleigh Powell, a surety consultant at Anderson & Catania Surety Services, LLC, offers tips on how to best highlight the skills of your contractors to a surety company. (video transcript) We suggest maintaining updated resumes and bios of your key employees. As you look to grow evaluate your team. Does someone have experience with the…
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What Are the Benefits of Requiring Subcontractors to Bond-Back on My Projects?

What Are the Benefits of Requiring Subcontractors to Bond-Back on My Projects

Apr 21 2021

Brent Headley, Surety Account Executive at Anderson & Catania Surety Services LLC, explains why general contractors should ask subcontractors to post a performance and payment bond back to them. At What Dollar Amount Should Subcontractors Bond-Back? There are many answers to this question. If a bond-back is required by the surety company, the surety company…
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Can My Passion for the Construction Industry Help Me Secure a Surety Bond?

Can My Passion for the Construction Industry Help Me Secure a Surety Bond

Apr 12 2021

Donzaleigh Powell, surety consultant at Anderson & Catania Surety Services, LLC, emphasizes the important role passion and relationship-building play in a construction company securing a surety bond. (video transcript) Telling your personal story is an important part of building a supportive surety relationship. Bonding is not just about your company’s balance sheet, although that’s important.…
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How Does an Unforgiven PPP Loan Affect My Bonding Capacity?

How Does an Unforgiven PPP Loan Affect My Bonding Capacity

Mar 19 2021

Brent Headley, Surety Account Executive at Anderson & Catania Surety Services LLC, offers insight regarding PPP loans and their impact on surety bond capacity. Why Is It Important to Anticipate How a Surety Will Treat an Unforgiven PPP Loan? Obviously, if the PPP loan is unforgiven, the loan amount affects how the surety calculates the…
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Podcast: Surety Bonding in Pivotal Points

Podcast Surety Bonding in Pivotal Points

Mar 15 2021

Junior Gutierrez of NOVA Business Connection and Chris Smith of Anderson & Catania discuss surety bonding as it relates to navigating different opportunities and problems:
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How Do I Obtain a Bond for a Project 4X Larger Than Any Project I’ve Ever Completed?

How Do I Obtain a Bond for a Project 4X Larger Than Any Project I’ve Ever Completed

Mar 11 2021

Partnering with a surety services firm that has extensive experience in the bond marketplace can provide contractors greater flexibility. Richard G. Anderson, CEO of Anderson & Catania Surety Services LLC, emphasizes how Anderson & Catania builds relationships that expand opportunities. Is there a general rule that sureties apply to determine a contractors’ single project surety…
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My Credit Score Has taken a Hit During the Pandemic. How Do Poor Credit Scores Impact Access to Bonding?

My Credit Score Has taken a Hit During the Pandemic. How Do Poor Credit Scores Impact Access to Bonding

Feb 19 2021

Donzaleigh Powell of Anderson & Catania Surety Services offers some encouraging advice to those whose credit has been hit hard by the pandemic, or who may have low credit scores in general. What personal credit scores are considered acceptable to surety companies?  We don’t always get an exact score range, but generally, FICO scores 650…
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How is a Surety Broker Different from a Commercial Insurance Broker?

How is a Surety Broker Different from a Commercial Insurance Broker

Jan 15 2021

Brent Headley, Surety Account Executive at Anderson & Catania Surety Services LLC, discusses how surety brokers differ from commercial insurance brokers. What do you find most satisfying about your contractor relationships? “I’ve become good friends with many of my clients,” Brent says. “As with any friend, you want to see them be successful and be…
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