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Succession Planning and Bonding Capacity: What Contractors Need to Know
By Matt Ashcroft, EHD Commercial Producer and Surety Expert An increasing number of construction company owners are planning to retire over the next few years. For many, the focus of succession planning revolves around family legacy and selling the business. While those priorities are certainly important, it’s important to ensure that your company’s surety bond program is part of the plan. Why Do Sureties Care About Succession Planning? Surety carriers underwrite the people responsible for…