Our Blog - Surety Matters

Governor Jay Inslee of Washington State is working closely with the state’s construction industry to let projects resume in June. At a May 1st press conference, Inslee declared that the state will let novel construction…
Read Moreabout Washington Construction to Fully Restart in June

Michigan’s just gave the green light to construction, real estate, and other “low-risk” industries to restart business operations starting Thursday, May 7th. Governor Gretchen Whitmer previously suspended these industries on March 23 due to the…
Read Moreabout Michigan Offers Guidelines for Construction Sites Re-Opening

Over or underbilling by a contractor can be a big problem for obtaining your bid and performance bonds from your surety bonding company. According to generally accepted accounting principals, contractors should report earnings based on the percentage…
Read Moreabout When Contractors Over or Underbill

Bid bonds are used primarily in the construction industry to assure the contractor can fulfill the job responsibilities listed in the agreement for the agreed price for the project owner. It protects the project owner…
Read Moreabout Here’s Why You Need a Bid Bond

Our Partnership Account has helped streamline the bonding and insurance process for industry associations and their members. The Partnership Account is a business arrangement between Colonial Surety and industry associations that can help generate revenue…
Read Moreabout Benefits of the Partnership Account for Associations

If you are a pension professional, you understand how taxing it can be overseeing employee benefit plans. As retirement benefits and plans transform over time, fiduciary duties remain obscure and ever-changing.  This process can be…
Read Moreabout The Benefits of the Partnership Account for Pension Professionals