The 5 Best Ways to Secure Surety Credit
The surety market is going through a painful correction. Surety results might show modest improvement, but loss frequency is still severe. Capacity is going to be in shorter supply and the cost of bonds may increase. There’s no short-term fix. Contractors should focus on identifying aspects of their business that underwriters may not understand. Sureties are struggling for predictable margins and are getting rid of accounts that present too many unanswered questions.