Worker’s Compensation – Subs, 1099s, Employees – From a Risk and Bonding Perspective – It Does Matter! This would reduce the administrative burden on the contracting officer to assess the assets being pledged. We believe that a good foundation is essential for commercial creditors nationwide. Additionally, we offer fidelity bonds to businesses for protection against employee dishonesty. Sue is an active member of the Surety & Fidelity Association of America, National Association of Independent Sureties, Surety Claims Institute, National Bond Claims Association, San Diego Surety Association and National Association of Surety Bond Producers. National Association of Independent Sureties. Old Republic Surety Company (ORSC), Milwaukee, Wisconsin, has a long and rich history in its development from a property and casualty departmental line of business to becoming one of the leading writers of surety and fidelity business in the United States. enhancements include BONDSTAR and our forms library Old Republic General Insurance Corporation, Old Republic Specialty Insurance Underwriters, 307 North Michigan Avenue, Chicago, IL 60601, National Association of Surety Bond Producers, National Association of Independent Sureties, The Surety & Fidelity Association of America (Board Member), Independent Insurance Agents & Brokers of America, National Association of Professional Insurance Agents. A payment bond from an individual surety that provides only illusory protection, however, can easily result in a catastrophic loss to a small subcontractor or supplier even on the smallest contract. Flooring Contractors Association. Box 1635Milwaukee, WI 53201Phone: 262.797.2640 / 800.217.1792Fax: 262.797.9495Visit our company website. By training and experience, even the most seasoned contracting officer in the acquisition of construction is likely at a distinct disadvantage in making these determinations with regard to the broad array of assets acceptable under FAR Part 28.203-2. In order to use this site please upgrade your browser: Why Work in Progress Schedules Are So Important. The General Services Administration accepted the individual bonds, although no assets were placed in escrow for the benefit of the government. Radiant Professional Alliance. Our commercial bonding capacity is currently $10MM for a single or aggregate commercial surety exposure enabling us to offer larger bond programs and service more diverse markets that require higher bonding capacities. Old Republic General Insurance Group, Inc. Debbie enjoys running, biking and golfing … ORSC specializes in writing contract surety, commercial surety and small fidelity. ORSC consistently records one of the industry's lowest direct loss ratios for both surety and fidelity. NACM | FCIB GLOBAL | NACM STS | CFDD | CREDIT CONGRESS | EVENTS CALENDAR, MY ACCOUNT | JOIN NOW | SUBSCRIBE FOR NEWS | BLOG. Independent Insurance Agents & Brokers of America National Association of Professional Insurance Agents Insurance contracts are underwritten and issued primarily by Old Republic Surety Company, rated A+ (Superior) by AM Best and A+ Stable by Standard & Poor’s. Executives, 445 S. Moorland Road, Suite 200, Brookfield, WI 53005, National Association of Surety Bond Producers, National Association of Independent Sureties, Various State and Local Surety Underwriter's Associations. Served on the Board of the National Association of Independent Sureties, including the Chairman position. Old Republic Surety Company (ORSC), Milwaukee, Wisconsin, has a long and rich history in its development from a property and casualty departmental line of business to becoming one of the leading writers of surety and fidelity business in the United States. We never lose sight of our commitment to excellent service and a positive working relationship. With our bonding capacity currently at $50MM, we are positioned to assist middle market construction contractors with bond programs based on flexible, common-sense underwriting. ORSC became affliated with Old Republic International in 1986. The company maintains its high standards of underwriting, its demand for moral and ethical behavior from its employees, agents, and customers, and its determination to outperform all other sureties in expertise and service. That mined coal waste was valued at $120,000 in the bankruptcy filing. The contracting officer would know that the assets pledged by an individual surety in support of its bonds are real, sufficient in amount, readily available and in the care and custody of the U.S. Government. Service is paramount in all branch offices. We have a network of nearly 4,000 independent insurance agencies and underwrite through dozens of branch locations across the nation with underwriting services in all 50 states. The Honorable Anne RungAdministrator for Federal Procurement PolicyOffice of Management and BudgetEisenhower Executive Office Building – Room 2631650 Pennsylvania Avenue, NWWashington, DC 20503.