Simple Solutions Blog

Surety bonds vs contractor insurance: What is the difference?

February 2, 2023 UFG Insurance Surety Read Time: 3 min

If you're wondering whether you need surety bonds or contractor insurance for your growing business, the answer is likely both! Learn more about these two common coverage tools in the contracting industry.

3 reasons Property and Casualty agents should cross-sell surety bonds

January 17, 2023 UFG Insurance Agents Business Surety Read Time: 3 min

If you're looking for a competitive edge as a P&C producer, cross-selling surety bonds may be the ticket. Here are three reasons you should already be cross-selling.

UFG Surety Marketing Manager Ky Saylor, speaking with client

How much does a surety bond cost? Q&A with UFG Surety’s Kyanna Saylor, AFSB

May 6, 2022 UFG Insurance Surety Read Time: 3 min

We sat down with Ky to discuss the all-important question: How much does a surety bond cost?

Team of contractors wearing safety equipment and shaking hands near job site

3 reasons why your business may need a contract surety bond

March 29, 2022 UFG Insurance Business Surety Read Time: 4 min

Publicly funded projects require surety bonds by law, but there are other reasons why your business may need one. Check out our top three reasons for a contract surety bond.

The difference between bid bonds and payment bonds

October 19, 2021 UFG Insurance Surety Read Time: 5 min

From whom they protect, to bond claims and general cost, there’s a difference between bid bonds and payment bonds. Here’s what you need to know.

Worker in conversation with another person.

How to verify a surety bond with UFG Surety’s Dennis Richmann

June 3, 2021 UFG Insurance Surety Read Time: 4 min

Fraudulent surety bonds continue to be an issue for the construction and lending industries. Here are a few tips on how to verify a surety bond.

People conversing at a construction site with hard hats.

UFG Surety: Providing the surety knowledge you need

April 16, 2021 UFG Insurance Surety Read Time: 3 min

When it comes to surety bonding for your project or business, you need a partner that you can trust with experience, knowledge and financial strength. Look no further than UFG Surety.

Commercial surety bonds: A Q&A with UFG Surety’s Quinson Holderness

July 23, 2020 UFG Insurance Surety Read Time: 6 min

UFG Surety’s Quinson Holderness discusses what we need to know about commercial surety bonds, how COVID-19 pandemic has impacted the surety market and more.

Three people in hard hats at construction site with the leader pointing out good work.

3 Keys to Establishing a Surety Relationship

January 6, 2020 UFG Insurance Surety

Contractors have enough to worry about. But if you’re considering pursuing projects requiring surety bonds, the first step is to build a surety relationship that will benefit you for years to come.

Assorted business icons, with finger pointing to icon of weight scales.

The surety claim process: What you need to know

December 31, 2019 UFG Insurance Surety

Did you receive a claim on your surety bond? Don’t worry, it’s not the end of the world. Here, we discuss what you need to know in the surety claim process.