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Pursuing Business With ‘Risky’ Accounts

Prevailing business wisdom holds that the way to reduce credit risk is to limit credit lines, be stingy in allowing credit and freeze orders on past due accounts. This line of thought posits that it is generally impossible to lower “bad debt” losses without adverse consequences to sales and business expansion. Read The Full Story »

Each year, the Merchants Bonding Company™ Leaderboard Program salutes agency partners who have demonstrated their surety savvy and collaboration for growth. We salute Bonds Southeast Inc. of Nashville, Tennessee for attaining the Champions Tour of surety professionals. Congratulations to Greg Nash and Phil Condra for surety professionalism in 2012. Merchants Bonding has partnered with Bonds Southeast Inc. of Nashville for 15 years. We thank them for the successes we’ve had together and recognize them for sharing our common sense vision.  See our online salute to Bonds Southeast Inc. of Nashville, Tennessee, here. Continue »

Best PracticesMore Like This

Businesses with a fleet of vehicles face a variety of challenges during the winter months. With fewer hours of daylight and more hazardous road conditions caused by rain, sleet, snow or ice, safe driving practices and proper vehicle maintenance can go a long way toward controlling costs and increasing efficiencies for drivers and their vehicles. The advantages range from reducing the chances of vehicle collisions, personal injuries, workers’ compensation claims and downtime to avoiding expensive repairs caused by excessive wear and tear on a vehicle.   Continue »

Dispute ResolutionMore Like This

The feeling of accomplishment that accompanies the completion of a new condominium building can sour when buyers raise claims of construction defects after closing on their units. A dream project can quickly become a nightmare if flaws, either patent or latent, are discovered after the developer turns over the project and leaves the site. Who is accountable for any necessary repairs? Continue »

The Leaderboard Program, created by Merchants Bonding Company™, salutes a select few agency partners each year who have demonstrated their surety savvy and collaboration for growth.  We salute BB&T Insurance Services  of Fairfax, Virginia, and Alex Roddey for surety professionalism in 2012.  Merchants Bonding has partnered with BB&T of Fairfax for more than a decade.  We thank them for the successes we’ve had together and recognize them for sharing our common sense vision.  See our online salute to BB&T Insurance Services of Fairfax, Virginia, here. Continue »

Dispute ResolutionMore Like This

Proving every cloud has a silver lining, the recent economic downturn has helped contractors, owners and construction managers improve management practices to reduce construction disputes and their impact on the bottom line. Essentially, increased competition for construction dollars forced improvements in project management, resulting in a substantial decrease in claims and disputes. Continue »