Environmental Surety - Solutions in a Tightening Market

Many environmental service firms and contractors face the need for surety bonds.

After years of favorable conditions and stability, the surety market is tightening – so much so that many large and established remediation contractors are having difficulty maintaining the bonding capacity they need for growth, while many small businesses are having problems qualifying for their first or next bond. Even traditional construction projects can face difficulties simply because there may be a minor environmental component in the scope of work. Companies involved with a small percentage of environmental work (as low as 10 percent) are often labeled as “environmental risks” by the surety industry.

Smith Manus specializes in working with businesses required to bond contracts with an environmental component.