Surety

April 14, 2022

Importance of Surety Bonds in Construction

Important Role of Surety Bonds Within the Construction Industry Construction companies face significant risks, especially when they perform work on projects spanning several years. Issues like economic downturns, inflationary pressures, material shortages, equipment breakdowns, and others can threaten the ability of contractors to perform under their contracts. When these types of problems are insurmountable, construction...

April 6, 2022

Anticipating Risks with Contractors Professional Liability Insurance

This article was produced in partnership with Tokio Marine HCC-Cyber & Professional Lines Group (CPLG) Karen Surca, of Insurance Business America, sat down with David Wiley, Senior Underwriter with Tokio Marine HCC-Cyber & Professional Lines Group, and Jim Bechter, Senior Vice President for architects & engineers/contractors professional liability (AE/CP), to discuss the need for sufficient liability coverage...

March 15, 2022

Workplace Dangers Most Troubling to Employees in 2022

Workplace safety is now more important than ever before, according to 89% of Americans, nearly the same amount also believe that organizations have a legal and moral obligation to protect employees from unnecessary risks. This is according to a survey from AlertMedia, which also revealed 82% of people feel these obligations extend to those working remotely. While...

October 4, 2021

Cal/OSHA to Expand Enforcement Authority

On Sept. 27, 2021, California adopted Senate Bill 606 (SB 606) to expand the state’s Occupational Safety and Health Administration’s (Cal/OSHA) enforcement authority. Among other things, SB 606 creates a new egregious violation citation category and an assumption that violations are enterprise wide under certain circumstances. SB 606 also addresses issues with abatement, notice in...

August 16, 2021

OSHA Urges Employers to Require Vaccinated Workers to Wear Masks

The U.S. agency that regulates workplace safety issued guidance on Friday urging employers to require many fully vaccinated workers to wear masks to protect unvaccinated colleagues and customers, amid a surge in COVID-19 cases. The Occupational Safety and Health Administration (OSHA) recommended that workers wear masks “in areas of substantial or high community transmission,” such...

August 11, 2021

LIHTC Recapture Bonds: Top Questions Answered

We recently interviewed CMR’s Principal/President and Surety Practice Group Leader, Travis Pearson on the top questions that we receive regarding the LIHTC Recapture Bond.  While the IRS no longer requires a disposition bond (IRS form 8693) to avoid tax credit recapture in the event of ownership disposition in a Low Income Housing Tax Credit Section...

October 12, 2020

Tips for National Cybersecurity Awareness Month

As school, socializing, and many aspects of life have moved online this year, it’s more important than ever that you protect your digital devices and steer clear of cybercriminals. So during National Cyber Security Awareness Month (NCSAM), observed each October, the FBI and partner agencies remind you to do your part and #BeCyberSmart all year long. Now in...

September 9, 2020

National Preparedness Month: Workplace Safety

No matter where you live, you’re sure to encounter and have to deal with emergencies, whether they be tornadoes, fires, chemical or toxic spills, or any number of other natural and man-made disasters. In these situations when conditions can so quickly become life-threatening, workplace preparedness is key and could mean the difference between life and...

September 8, 2020

How to Support Employee Behavioral Health During the Pandemic

Fear, worry and stress are normal responses to perceived or real threats, or when faced with uncertainty. Understandably so, it is normal that people are experiencing worry or stress during the coronavirus pandemic. The coronavirus pandemic has affected nearly every aspect of daily life. Americans are increasingly suffering from behavioral health issues during the pandemic,...

July 31, 2020

Here is What’s in the Senate GOP $1 Trillion ‘HEALS Act’ Package

HERE IS WHAT’S IN THE SENATE GOP $1 TRILLION ‘HEALS ACT’ PACKAGE WASHINGTON – Senate Republicans on Monday announced an approximately $1 trillion stimulus package that Majority Leader Mitch McConnell, R-Ky., has said probably will represent lawmakers’ last major legislative response to the coronavirus pandemic. Senate Republicans’ legislation, titled the “HEALS Act,” is expected to...

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