Personalized service with access to a network of solutions
BONDING
Whether you are looking for your first bonding support, or a second opinion to make sure you are getting the most out of your current surety, Laconic has the answer. We believe the Surety relationship is one of trust, and we have built that trust over the years. Now we can put it to work for you.
Presentation is key when going out to the financial world, whether you are seeking banking or bonding. You can present the same company in different ways and get vastly different results. Our expertise in the presentation is what sets us apart.
Our first step is understanding the objectives you are trying to achieve. Then helping you craft a presentation to the Surety world that captures opportunities. We will utilize our extensive experience to emphasize your strengths, while collaborating on strategies to mitigate weaknesses and threats.
Lastly, having a team of trusted partners surrounding you is key to growth, as a business owner cannot be an expert in all areas. We call this the “Spheres of Influence” where the client is the Sun, with all the planets orbiting. Those planets are accountants, legal, Surety agent, and Insurance agent to name a few. Our ability to connect our clients with “best in class” representation in those areas, through decades of networking and experience, is a difference maker and force multiplier to success.
- Contract Surety
- Bid bonds
- Performance bonds
- Payment bonds
- Maintenance/warranty bonds
- Release of Lien bonds
- License/Permit bonds
- Commercial Surety
- Performance Bonds
- Payment bonds
- License and permit bonds
- Supply bonds
- Subdivision bonds
RISK MANAGEMENT
We understand each company has a unique risk profile that needs to be assessed in order to create actionable solutions that can be implemented. As insurance professionals, we believe that “the devil is in the details”. Our goal is to protect our clients and utilize our extensive experience reviewing insurance quotes. They often may have exclusions buried in the Terms and Conditions that make the policy worthless. Carriers are constantly updating their forms to reduce coverage in some instances. Having a knowledgeable professional on your side is critical to avoid a potential uncovered risk. Some of our services include:
- Contractor insurance review, identifying gaps and pitfalls
- Contractual Risk Transfer
- Review hold harmless, indemnification, and other risk transfer language. Strengthening depending on where the risk is located.
- Subcontractor risk review – Managing and identifying any subcontractor’s insurance and policies prior to job start.
- Workers Comp audits
- Business Planning