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By William F. Simkiss, CPCU, CLU
Reprinted from American Agent and Broker
Surety bonds are indispensable to the construction industry. They protect project owners from loss in the unpredictable construction market by guaranteeing that a third party (the surety company) will step in to finish a project, should a bonded contractor be unable to do so. No wonder, then, that governmental entities routinely require contractors bidding on their projects to be bonded and that many private project owners require bonding, too.
You could say surety bonds also are indispensable to our agency. My brother, John A. Simkiss Jr., founded The Simkiss Companies over 30 years ago. From our first day in business, we have targeted the surety bond market. Our company writes approximately $65 million per year in volume, with 10% of that being surety bond premiums...
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By Lee Velker, reprinted from
Business Insurance
Stick to the basics, but do them well.
That philosophy helped make The Simkiss Companies the 20th most productive broker in terms of revenues per employee, says John Simkiss, president and founder of the St. Davids, Pa.-based brokerage.
“I don’t believe it is anything startling that we do, we just do it well,” Mr. Simkiss said.
The company relies on traditional brokerage tactics to generate revenues, he said. The most important of those is to keep customer satisfaction high.
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