Check out Rhonda McGowan, executive director of the Cosmopolitan Chamber and a member of our Inner-City Underwriting IL Tollway Technical Assistance Team, with Governor Elect J. B. Pritzker while attending the winter celebration event for Aldermen Pat Dowell.
When clients collide! Premier’s Jennifer Helms, Cindi Smith, and Dayna Harjo are pictured with Jay Telford from Berkley Surety at the Reiss | Arrow | Forza Open House! There was good food, laughs, and awesome music by Travis Kidd (award-winning singer/songwriter from the Tulsa area). We attended with ABC members to show our support for the construction industry! #suretybonds#buildingoklahoma
The Surety Industry
Manage this risk and, more specifically, to transfer the risk of failure from private or public project owners ("Owners") to insurance companies and other individuals and entities, the surety industry arose. Sureties, by means of surety bonds, offer assurance to an Owner that a contractor is capable of completing the contract on time, within budget, and according to specifications, and that it will meet its financial obligations to its workers, subcontractors and suppliers. Sureties also provide financial and technical assistance to contractors so Owners get what they contracted for - a completed project - and, in doing so, the sureties reduce their own risk exposure.
The $350 billion in projects protected by contract surety in 2017 would not have been possible without skilled labor in #construction and related trades. SFAA is proud to support National Apprenticeship Week and the men and women who are #CreatingTomorrow. #SuretyBonds#NAW18