Steps Contractors Can Take to Secure Surety Credit During Economic Downturn

B&C Midwest Magazine's Winter 2010 Issue Includes Tips on Addressing Surety Underwriting Concerns in Today's Tightening Surety Market

Press Release

FAIRLAWN - February 9, 2010 - Poor economic conditions have led to a tightening of the surety marketplace, but there are steps contractors can follow to obtain surety support to grow their businesses.

Brunswick Companies announced today that "Be Sure to Secure," an article authored by Mark Levinson, Brunswick's Senior Vice President of Surety, appears in the Winter 2010 issue of Building &Construction Midwest magazine, a trade publication targeted to Midwest contractors.

Levinson explained, "The lack of new projects, especially in the commercial sector, is having a significant impact on contractors across the board. Backlogs are getting worked off and new business is becoming increasingly hard to come by. This has led to long bid lists and thin margins, which will undoubtedly lead to negative effects to contractors' balance sheets."

Proactively Address Surety Underwriting Concerns

"Be Sure to Secure" provides tips on the following:

Secure experienced, professional representation
Take a proactive approach to providing required information
Provide answers to all the questions
Develop an active business plan that incorporates benchmarks
Document success

Work With the Surety Professionals

With over three decades of risk management and underwriting experience, as well as decades of experience in supporting the surety and insurance needs of construction contractors, Brunswick Companies is uniquely qualified to deliver surety solutions. Brunswick Companies is an Ohio-based insurance and risk management firm offering surety and insurance products.

To request additional information, call Michelle Hirsch at 800-686-8080.