Because they’ve purchased property and casualty insurance, many solar tax equity fund managers and developers may mistakenly believe they have adequately protected themselves and their investors. Yet, the fact is they may be vulnerable to potentially more significant risks. Without appropriate surety bonding, C&I and Community Solar investors may be completely unprotected from the consequences […]

As the use of modular building in U.S. and international construction projects continues to grow, owners, construction managers, general contractors, subs and trades all are looking for ways to assess and manage the unique, diverse and at times complex contractual exposures they represent. From prefab manufacturing to transportation, installation and construction, the ultimate success of […]

With more than a dozen large retailers filing for bankruptcy last year, commercial real estate owners, investors and landlords need to take steps to protect themselves against the financial consequences of lease defaults and vacant properties. For many of these enterprises, the solution may involve requiring tenants to obtain lease payment (TLP) bonds and, in […]

There’s good news for manufacturers and commercial equipment leasing companies: The Equipment Leasing and Financing Association recently reported a strong start to 2019 with leasing volume in January up by 4 percent over the prior year. Nonetheless, the increased business activity underscores the ever-present need for equipment leasing companies to protect themselves from the financial […]

Bonds Address Catastrophic Financial Consequences Of Contractual Default Not Covered by Insurance All parties involved in small commercial solar energy projects – including financiers/investors, developers, IPPs, EPCs, installers, and off-takers – are dependent on each other to fulfill their respective contractual obligations in order for these projects to succeed. Thus, should any party in a power […]

  Many property owners, developers, financiers and general contractors have become quite familiar with the benefits of requiring contractors on their projects to obtain performance bonds, which provide that any work by the bonded contractor will be fully completed in accordance with the terms and conditions of the contract. These bonds, which are a key […]

Surety Bonds Seen as Key to Protect Public Interest In Public Sector Construction and Service Contracts Executives of Unique Surety and Insurance Services, LLC recently presented an educational session on using surety bonding to provide contractual risk management for construction and maintenance projects to the Central Florida Chapter of the National Institute of Government Purchasing (NIGP). […]

As large businesses in all sectors look for ways to control litigation costs, one area they might target for improvement is in procuring special surety bonds required of any firm appealing a verdict.   The bonds, known as supersedeas bonds, are required by courts to enable the appellant to delay payment of a judgment until […]

Unique Surety handles every aspect of delivering correctly worded bonds with the limits required at competitive pricing. Our professionals have direct relationships with top-rated surety carriers; their underwriters trust our judgment and appreciate the quality of our submissions. We understand the type of business each surety wants and the information they require to complete a […]

As construction growth continues across several parts of Florida, construction firms located out of state are pursuing opportunities to participate in projects here. However, before they can proceed, out-of-state contractors must work with firms licensed in Florida and fulfill special bonding requirements. According to the Florida Department of Business & Regulation, contractors must obtain a […]