Best Practices

LSAs that have been awarded the SIO Awards for Excellence in Surety Bond Promotion exemplify industry best practices:

Legislative Affairs

  • Work with state legislators and local policymakers on issues such as onerous bond forms, bond thresholds, long-term warranties, mechanics liens, bond requirements and claims handling, bond tracking systems, and other issues affecting the surety industry.

Public Outreach

  • Give presentations to architects, city and county officials, college students, and contractors on topics including bonding emerging contractors, claims, and the state of the contract surety industry.

Education

  • Educate students at colleges and universities.

New & Emerging Contractors

  • Educate small, minority, and women contractors, as well as new and emerging contractors, on how to obtain surety bonding, building solid surety relationships, and managing risk.

Contractors & Subcontractors

  • Raise general contractors’ awareness about the value of surety bonding with presentations on construction defects, the basics of bonding, the surety industry outlook, construction contracts, succession planning, and how to obtain surety bonding.

Community Service

  • Volunteer for the National Association of Women in Construction’s Building Blocks Program, Habitat for Humanity, Harvesters Food Drive, and other industry organization events and activities.
  • Offer scholarships or sponsor a Career Day.

Private Owners/Bankers

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