admin_gray, Author at Gray Surety

Choose Category:

Choose Tag:

Second Quarter 2022: Focus on the Carolinas

Posted: July 1, 2022

As the sun sets on the first half of 2022, Gray Surety reports continued growth and shares about activity in our Carolinas Region. Across the company, numbers are rising. Compared to this period last year: — Account submissions are up over 50% — Bond requests are up over 10% — Revenue is up on over 20%

Read More

First Quarter 2022: Expansion Continues

Posted: May 13, 2022

At Gray Surety, the first quarter of 2022 was marked by growth in our team, formation of a new regional office, and increased Treasury list limits. Compared to this period last year: Premiums are up 47% Submissions are up 44% Gray Surety is expanding its reach out of the Southeast and Southwest across the country with the establishment of the Upper Midwest regional office. David Martinson is leading the charge as the regional manager covering Minnesota, Wisconsin, Iowa, South Dakota, […]

Read More

Growth Punctuates 2021

Posted: January 7, 2022

A year-end review of Gray Surety finds evidence of growth and expansion in every corner of the business. We met all our expansion goals for 2021, including opening new offices and onboarding additional team members, and are grateful to the agency partners who helped us get there. Premium total up 30% over previous year; New business accounts for 40% of increased premium; More than 9,000 commercial […]

Read More

How to Answer Your Clients’ Questions About Indemnity Agreements

Posted: October 13, 2021

When general contractor clients or construction firms approach you about securing a construction bond for their upcoming projects, it’s normal for them to ask questions about what they need to do to fulfill the contract terms. One component that tends to confuse even experienced contractors is the general indemnity agreement (GIA). Before a surety issues a bond, it will require the contractor sign a GIA. The GIA ensures that the surety is made whole for any losses or expenses it […]

Read More

5 Instances In Which Subcontractor Bonding Is A Must

Posted: September 23, 2021

For contractors who work with subcontractors on different projects, the thought of having to invest in surety bonds for those subcontractors can feel a bit redundant. After all, the general contractor already has bonds in place, and they trust their subcontractors to follow through on the job well. With these thoughts in mind, your contractor clients may not be thinking about the necessary protection subcontractor bonds deliver Surety bonds for subcontractors help guarantee that the general contractor won’t run into […]

Read More

Helping Your Clients Maintain Surety Credit During Expansion, Merger, or Acquisition

Posted: August 13, 2021

Your surety bond construction clients need more from you than contract and commercial surety bonds. They need a trusted adviser to help them grow. To be an adviser, you need to check in regularly with your contractor clients about their business growth strategy, to hear about their prospects, and to listen for the challenges they are facing in different types of projects. By doing so, you can better understand where each of your clients’ businesses is going be prepared to […]

Read More