Greg Bruzzone: As Business Evolves, Involve Your Surety Partners

Market trends and economic realities of today’s environment often demands that contractors pursue different project types across new sectors or in new regions. While this ‘forced’ evolution and diversification may bring new opportunities and increased revenue, contractors need to be mindful of how these changes can affect their risk profiles and surety standing. In this article, American Global’s Greg Bruzzone outlines why it’s imperative to engage both your broker and surety provider early in the process, before new work begins. Read Greg’s article here, as well as ENR’s opening article “Capacity and Consequences” – a look at surety trends in the era of scale – which includes insightful comments from AG’s own Stephen Mancini and Caryn Maxfield.