Explore the intriguing world of surety business with this sponsored series by Old Republic Surety.
Unlock the mysteries of the surety business with simple language and clear communication. Dive into the realm of “Owners” and “Contractors” instead of getting lost in complex terminology. Let’s make surety business accessible to all by avoiding confusion.
Ever heard of the term “PIUW” in the insurance world? It stands for “Pig Iron Under Water” and signifies a sure bet, a safe risk. Imagine iron under water, the safest it can be in terms of fire risk. It’s like money in the bank, a guaranteed win. But of course, risk varies, and that’s where underwriters come in to make the call.
Ready to turn opportunities into business fortune? Reach out to us for your construction or commercial surety needs. Whether it’s performance bonds, payment bonds, or any other surety requirement, we’re here to help you navigate the surety landscape.
Originally published on the Old Republic Surety website, this blog is shared here with permission.
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