Month: November 2018

Surety Bonds: How I Voted

Last Tuesday was the big day: 

  • “The most consequential mid-terms of our lifetime!”
  • “Your mid-term vote is a chance to affirm / reject (choose one) the president’s agenda!”
  • “The end of life as we know it!”
  • “Blah-blah-blah!”

I’m not making a joke about voting.  I think it is a privilege.  As citizens of a democracy, we owe it to all who have suffered and died defending this noble right.

So on Tuesday, I awoke bursting with patriotism and planning to cast my ballot.  But I decided to do it differently.  You’ve heard the expression, “Vote With Your feet.” This time I’ll do it!

I identified myself to the voting lady and she sent me to booth #2.  I quickly removed my shoes and socks.  It was hard getting the curtain open.

I entered the booth and reviewed all the choices.  Here it comes.  I steadied myself and placed my big toe on the lever.  I need to flip the lever, slippery, hard to turn it… I got it!

It became easier as I proceeded.  At the end you push a button to register your choices.  My big toe wouldn’t fit so I used the side of my “pinky toe.” Awesome!

I must admit, voting with your feet is harder than I expected, and a lot less fun. Why do people like it so much?  Eventually… it dawned on me what the expression means.  My “foot voting” was a fiasco!

You don’t have to make the same mistake. It’s not too late for you to vote with your feet – the right way.  Choose what’s better for you.  You can do it on Surety Bonds:

  • Circular 570, T-Listed bonds in excess of $10 million
  • Increased commissions
  • Superior, 365 service.
  • Same day response on new submissions.

You can have all this.  You should have it all! Vote with your feet and come over to KIS Surety for all these benefits.  Give us a call with your next Bid or Performance Bond.

Steve Golia, National Surety Director, KIS Surety

856-304-7348

Why I LOVE the T-list

OK, first let’s start with “What is it?”

The term T-list, is surety bond slang for a list of bonding companies approved by the Treasury Department.  The technical name is Circular 570 (not as cool as “T-list”).

In order to issue a Performance and Payment Bond to any branch of the federal government (Army Corps of Engineers, Navy, OGS, etc.) the bonding company must be reviewed and approved in advance.  The government adds them to the list and assigns a maximum dollar amount for the largest single bond the gov. will accept from that carrier. Obviously the federal government is a major source of bonded projects (nearly all federal contracts require bonding), and they DO spend a lot of money: Over $500 Billion in 2017.  Not on the T-list = miss out on all that fun!

In addition, there are many other public and private entities (such as municipalities) that may choose to require a T-Listed surety on bonds that protect their projects.  They view it as a way of establishing the surety’s credentials.  The T-List, Circular 570, is a big deal for bonding companies.

So, why do I love it?  It’s because now the bonds we issue are T-listed!  The maximum bond amount is over $10,000,000.00.  This is a really big deal.

As if that’s not enough good news for our agents, we even decided to raise our commissions to celebrate this important milestone.

You know us for our speed, creativity and superior service.  Now you can add the T-List and high commissions!

Call us with your next bid or performance bond need. 

Steve Golia, National Surety Director 856-304-7348

KIS Surety Bonds LLC