Key Characteristics of a Professional Surety Bond Agent

A surety bond is used to guarantee one party, that another party will perform and follow a contract till the completion of the job. The principle job of surety bonds is to avoid the possibility of any contract failure by transferring the risk to a surety company.

The infographic “Surety Bonds: Things to Know” gives you a complete overview of surety bonds including the key characteristics of surety bond agent, how are surety bonds underwritten by a surety and how to maximize bonding capacity.

A professional surety bond agent should have the following key characteristics:

  • He should be well respected and has a reputation for integrity in the industry.
  • He should demonstrate personal interest in the contractor’s success.
  •  He should have a track record of building solid relationships with surety underwriters.
  • He should possess an understanding of the construction industry.
  • He should have knowledge of construction contracts, subcontracts, and related contract law.
  • He should have knowledge of accounting and finance, especially construction accounting procedures.
  • He should be aware of local, regional and national construction markets.

You can get to know more about such knowledgeable facts by visiting the below infographic.


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