Let's Get Surety – Détails, épisodes et analyse

In this episode of Let’s Get Surety®, we explore the world of Employee Stock Ownership Plans (ESOPs) with Jim Tressel and Travis Remick of Liberty Mutual Surety. They discuss the unique aspects of ESOPs, and the factors contributing to their current prominence. Our guests provide insightful considerations for selecting an ESOP consultant, understanding valuation processes, the significant role ESOPs can play in a company's succession strategies, as well as the value of including the surety early in the process. For more information on ESOPs, check out this NASBP Virtual Seminar mentioned during this episode, "Employee Stock Ownership Plans (ESOP): What You Should Know."

With special guests:

James (Jim) Tressel, Senior Vice President and Chief Underwriting Officer, Liberty Mutual Surety and Travis Remick, Chief Underwriting Officer, Contract Surety, Liberty Mutual Surety

Hosted by:

Kat Shamapande, Director, Professional Development, NASBP and Mark McCallum, CEO, NASBP

Sponsored by Old Republic Surety!

In this episode of Let’s Get Surety®, we discuss the ongoing changes in Canada's importing process with Sheila Thompson of Rosenberg & Parker of Canada and Cristina Hagivreta, Surety Manager at Trisura Guarantee Insurance Company. They delve into the new Canada Border Service Agency Assessment and Revenue Management System (CARM), a timely initiative that shifts Canada from a process focused on customs broker bonds to importer bonds. Our guests also discuss the implementation process of CARM, covering its electronic nuances and practical adjustments required by importers and surety companies as the changes are set to go into place on October 21, 2024. For more information and to stay up-to-date on these dynamic changes check out the Canada Border Service Agency's CARM resource page.

With special guests:

Sheila Thompson, President, Rosenberg & Parker of Canada, Inc. and Cristina Hagivreta, Manager, Surety, Trisura Guarantee Insurance Company

Hosted by:

Kat Shamapande, Director, Professional Development, NASBP and Mark McCallum, CEO, NASBP

Sponsored by EMC Bond!

On this episode, we are joined by NASBP President Zach Mendelson of EPIC as he shares both his career journey and his journey as a NASBP member and volunteer. He talks about his role as Chair of NASBP's Industry Relations Committee, where he played an instrumental part in launching the Be Guaranteed To Succeed (https://www.nasbp.org/guaranteed/home) public relations campaign. Zach also discusses his presidential theme, Backing Our Future, and the exciting work that has been initiated to create and promote a university-focused education and internship program that highlights the phenomenal career opportunities in the surety industry!

With special guest:

Zach Mendelson, Principal, Bonds/Insurance/Construction, EPIC | Edgewood Partners Insurance Center

Hosted by:

Kat Shamapande, Director, Professional Development, NASBP and Mark McCallum, CEO, NASBP

Sponsored by Liberty Mutual Surety!

On this episode, David Dolnick, Founder, CEO, & Principal Consultant with Dolnick Rick Advisors, joins us to take a look at managing risks in this rapidly changing insurance market and how that’s been impacted by COVID-19. We take a look at where the insurance market is now, where property and casualty rates are and how they are changing. We also take time to walk through tips to share with your construction clients.

Read more on this topic in David’s recent Surety Bond Quarterly articles, Helping Your Clients in a Rapidly Changing Insurance Market Part 1 and Helping Your Clients In a Rapidly Changing Insurance Market Part 2—Checklist to Share with Clients. For more information on COVID-19’s impacts on the Surety Industry visit NASBP’s Coronavirus (COVID-19) Resources and Information page.

Hosted By:

Kat Shamapande, Director, Professional Development, NASBP and Mark McCallum, CEO, NASBP

On this episode, Larry LeClair, Director of GR at NASBP and John “JB” Byrd, representing the National Society of Professional Surveyors (NSPS) joins us for the second of a two-part series on rural broadband. In our first episode, Larry and JB shared some information on rural broadband, the recently enacted Broadband DATA Act and various virtual meetings conducted with senate and house staff. On this episode, JB and Larry discuss draft legislative language NASBP and the NSPS are pursing and what potential legislative action might be coming down the road. Find out more about NSPS and check out their podcasts, "Surveyor Says!" and "Point of Order".

Hosted By:

Kat Shamapande, Director, Professional Development, NASBP and Mark McCallum, CEO, NASBP

On this first of two episodes Larry LeClair, Director of GR at NASBP and John “JB” Byrd, representing the National Society of Professional Surveyors (NSPS) will share their insights regarding the recently enacted Broadband DATA Act and discussions they have had with various congressional offices including those house members who serve on the rural broadband task force. Larry and JB discuss the start of NASBP and NSPS’s working relationship and where they are now, by tracing the steps and connections they have had with various house and senate offices which have led us to this point!

Find out more about NSPS and check out their podcasts, "Surveyor Says!" and "Point of Order" .

Hosted By:

Kat Shamapande, Director, Professional Development, NASBP and Mark McCallum, CEO, NASBP

On this episode, Marty McCarthy, a member of the NASBP’s CPA Advisory Council and the managing partner of McCarthy & Company, PC, joins us to take a look at the PPP forgiveness process. Borrowers who received PPP loans are asking their CPAs if and how they will qualify for PPP loan forgiveness, as uncertainty over some of the program details exists. Many businesses — especially small businesses — worry about how best to meet loan forgiveness requirements. This episode will discuss loan forgiveness requirements and will pinpoint important factors affecting the forgiveness application process that should be considered first. For more information on COVID-19’s impacts on the Surety Industry visit NASBP’s Coronavirus (COVID-19) Resources and Information page.

Hosted By:

Kat Shamapande, Director, Professional Development, NASBP

On this episode, NASBP past president Bob Shaw, President of Skillings Shaw & Associates, Inc and David Jean, a member of the NASBP’s CPA Advisory Council and principal at the CPA firm of Albin, Randall & Bennett, joins us to take a look at how they are leading their contractor clients through these turbulent times. We discuss how COVID-19 is affecting their construction clients on both public and private projects with delays, backlogs, staffing, overhead, reviewing contracts, re-examining cost to complete, and work on hand schedules. As well as educating clients about Payroll Protection Program (PPP). For more information on COVID-19's impacts on the Surety Industry visit NASBP's Coronavirus (COVID-19) Resources and Information page. 

Hosted By:

Kat Shamapande, Director, Professional Development, NASBP and Mark McCallum, CEO, NASBP

The economy has been upended by the Covid-19 pandemic and headlines on bankruptcy’s have become more and more common. On this episode, Chad Schexnayder who is a partner with the law firm of Jennings, Haug & Cunningham, LLP, and regularly represents surety clients in bankruptcy cases throughout the United States, joins us to take a look at commercial surety account bankruptcy. Chad walks through the commercial surety account sectors that are being hit hardest by bankruptcy. We also discuss red flags before a company files for bankruptcy, how sureties can work to avoid “claw back”, the importance of documentation and communication between the surety, bond producer and commercial surety client to control risk!

Hosted By:

Kat Shamapande, Director, Professional Development, NASBP and Mark McCallum, CEO, NASBP

On this episode, Jack Callahan CPA, Partner - Construction Industry Leader at CohnReznick joins us for the second of a two-part series on the Paycheck Protection Program (PPP). In our first episode we discussed the updates and changes to the program, on this episode we will be discussing what the PPP means for bonding companies. Jack examines how contractors PPP loan debt and deferred payroll taxes will appear on their financial statements and may show the need to re-evaluate the ratios that are used to examine a contractor’s financials. As well as loan forgiveness and the possibility of the public shaming of contractors who have taken advantage of PPP loans similar to that we have seen of other businesses like Shake Shack. Read a full explanation of the PPP Loan Forgiveness Update or for more information on the PPP you can go to both NASBP’s Coronavirus Resources Page or CohnReznick’s Coronavirus Center!

Hosted By:

Kat Shamapande, Director, Professional Development, NASBP and Mark McCallum, CEO, NASBP