Surety & Fidelity Services Practice

Surety & Fidelity Services

With over 35 years of industry experience, we are dedicated to serving the Surety & Fidelity claims and underwriting industry. Our services expand throughout the United States, Puerto Rico, Canada, and other locations. Surety and fidelity claims are unique in nature therefore based on our vast technical experiences, we customize our approach to best serve our client with efficient services and a quality deliverable. A highlight of our specialty services includes contractor workout and financing situations, loss mitigation and business valuations, and employee crime/fraud assessments and evaluations; all of which range in complexity and severity.

Services Provided For:

Brokers/Agents Claims Construction Contractors Engineering Firms Law Firms Underwriting

Surety Services include:

Administration of Trust/Escrow Accounts
Books and Records Investigations
Cash Flow Analysis & Forecasting
Claims Evaluation/Administration
Cost Estimates
Financial Analysis of Principals
Funds Control
Indemnity Investigations
Litigation Support
Monitor Project Progress
Sources of Recovery
Underwriting Support

Fidelity Services include:

Analyze Financial Records
Evaluation of Fact Patterns
Fraud Investigation
Identify Sources of Information
Interact with Law Enforcement
Interview Witnesses
Litigation Support
Testify as Expert Witnesses

SAMPLE ENGAGEMENTS:

Contractor Work Out

Contractor in financial distress and Surety called upon Alan Gray to perform a total loss assessment relative to their open payment and performance in excess of $300 million. Alan Gray assisted with contractor work out and financing solution through monitoring the completion and close out of bonded projects along with cash flow management and reserve analysis.

Total Loss Assessment

Contractor was in process of winding down their business and was terminated on a last open bonded project. Contractor’s records were incomplete and not timely reconciled. Surety called upon Alan Gray to perform a total loss assessment relative to their open payment and performance in excess of $7 million. Alan Gray assisted with creating a current compilation of the contractor’s financial records and project information.