Surety Bond Quarterly - Fall 2017 - 9

From the CEO

Advice for the Advisor!

GOOD ADVISORS ARE
VITAL TO WEED OUT
THE EXTRANEOUS
FROM THE
IMPORTANT, AND
ON-POINT ADVICE
AND GUIDANCE IS
A PREMIUM AND
VALUED SERVICE.

We live in a fast-paced, complex world,
bombarded constantly by information
arriving from texts, emails, calls, the
internet, and other avenues. Knowledge
demands are constant, as there is so
much to know or, at least, with which
to have familiarity. In such an environment, good advisors are vital to weed
out the extraneous from the important,
and on-point advice and guidance is
a premium and valued service. I certainly turn to my trusted advisors for
information and perspective to make
proper decisions in my personal and
professional life, and contracting firms
and other businesses routinely turn to
bond producers for the same.
This fall issue of Surety Bond
Quarterly, with its focus on technology,
business information, and resources,
is replete with critical advice and
guidance-both for bond producers
and for their clients. On the technology front, James Crifasi of RedZone
Technologies and Linn Freedman, Esq.,
of the law firm of Robinson & Cole LLP
in part one of their two-part article discuss the growing risks posed to businesses of cyber intrusion and detail
the key components a cybersecurity
risk management program should
have for companies. Another article,
by Andy Headding and Jeffrey Nesbit
of CliftonLarsonAllen, titled "New
Software Selection and Implementation
is Not a Weekend Project," addresses
the issues to consider when selecting
and implementing the right software
for construction businesses.
Although critical, technology is
only one subject of many that confront businesses. The continuation
of a business to the next generation

is a subject very much on the minds
of small- and medium-sized business
owners of the Baby Boom generation
as they approach retirement. Three
members of the NASBP CPA Advisory
Council-Kevin Doyle, CPA, of Lanigan,
Ryan, Malcolm & Doyle, P.C.; R.A.
Bobbi Hayes, CPA, of RPC CPAs +
Consultants, LLP; and Timothy Wilson,
CPA, of BKD National Construction &
Real Estate Group-give us insights
into this subject, as they explore in
part one of a two-part article the issues
underlying a bond agency owner's
quest for a successful business exit.
Knowing the ways in which a bond
producer can act as a helpful adviser
during the bond claims process can
lead to more efficient claims resolution
is the premise of the article by attorneys Alec Taylor and Bryan Badeaux
of the law firm of Krebs Farley, PLLC,
who provide their own anecdotal
examples of how a producer's knowledge and actions can be beneficial
or detrimental.
The fall issue also is the issue in which
NASBP publishes its yearly Resource
Directory, listing NASBP's community
of members, affiliates, and associates-
truly a powerful resource for any business owner looking to find impactful
and knowledgeable advisors.
Please take my advice and share
this issue with your colleagues and clients. I think the information contained
within will pay dividends to you and to
your firm!
Warmest regards,
Mark H. McCallum
NASBP CEO

NATIONAL ASSOCIATION OF SURETY BOND PRODUCERS | WWW.NASBP.ORG

9


http://WWW.NASBP.ORG

Table of Contents for the Digital Edition of Surety Bond Quarterly - Fall 2017

NASBP Upcoming Meetings & Events
2017–2018 Executive Committee
From the CEO: Advice for the Advisor!
How Can Construction Contractors Expedite Payment on Federal Contracts?
The Growing Importance of the Bond Producer in the Efficient Resolution of Claims
Practical Tools to Help Jump-Start Your Company’s Cyber Plan
Bond Agency Owners: The Hardest Part is Letting Go
New Software Selection and Implementation is not a Weekend Project
Is Canada Soon to Have Its Version of the Miller Act?
2017 NASBP Resource Directory
Surety Bond Quarterly - Fall 2017 - Intro
Surety Bond Quarterly - Fall 2017 - cover1
Surety Bond Quarterly - Fall 2017 - cover2
Surety Bond Quarterly - Fall 2017 - 3
Surety Bond Quarterly - Fall 2017 - 4
Surety Bond Quarterly - Fall 2017 - 5
Surety Bond Quarterly - Fall 2017 - 6
Surety Bond Quarterly - Fall 2017 - 2017–2018 Executive Committee
Surety Bond Quarterly - Fall 2017 - 8
Surety Bond Quarterly - Fall 2017 - From the CEO: Advice for the Advisor!
Surety Bond Quarterly - Fall 2017 - How Can Construction Contractors Expedite Payment on Federal Contracts?
Surety Bond Quarterly - Fall 2017 - 11
Surety Bond Quarterly - Fall 2017 - 12
Surety Bond Quarterly - Fall 2017 - 13
Surety Bond Quarterly - Fall 2017 - The Growing Importance of the Bond Producer in the Efficient Resolution of Claims
Surety Bond Quarterly - Fall 2017 - 15
Surety Bond Quarterly - Fall 2017 - 16
Surety Bond Quarterly - Fall 2017 - 17
Surety Bond Quarterly - Fall 2017 - Practical Tools to Help Jump-Start Your Company’s Cyber Plan
Surety Bond Quarterly - Fall 2017 - 19
Surety Bond Quarterly - Fall 2017 - 20
Surety Bond Quarterly - Fall 2017 - Bond Agency Owners: The Hardest Part is Letting Go
Surety Bond Quarterly - Fall 2017 - 22
Surety Bond Quarterly - Fall 2017 - 23
Surety Bond Quarterly - Fall 2017 - 24
Surety Bond Quarterly - Fall 2017 - 25
Surety Bond Quarterly - Fall 2017 - New Software Selection and Implementation is not a Weekend Project
Surety Bond Quarterly - Fall 2017 - 27
Surety Bond Quarterly - Fall 2017 - 28
Surety Bond Quarterly - Fall 2017 - 29
Surety Bond Quarterly - Fall 2017 - Is Canada Soon to Have Its Version of the Miller Act?
Surety Bond Quarterly - Fall 2017 - 31
Surety Bond Quarterly - Fall 2017 - 32
Surety Bond Quarterly - Fall 2017 - 2017 NASBP Resource Directory
Surety Bond Quarterly - Fall 2017 - 34
Surety Bond Quarterly - Fall 2017 - 35
Surety Bond Quarterly - Fall 2017 - 36
Surety Bond Quarterly - Fall 2017 - 37
Surety Bond Quarterly - Fall 2017 - 38
Surety Bond Quarterly - Fall 2017 - 39
Surety Bond Quarterly - Fall 2017 - 40
Surety Bond Quarterly - Fall 2017 - 41
Surety Bond Quarterly - Fall 2017 - 42
Surety Bond Quarterly - Fall 2017 - 43
Surety Bond Quarterly - Fall 2017 - 44
Surety Bond Quarterly - Fall 2017 - 45
Surety Bond Quarterly - Fall 2017 - 46
Surety Bond Quarterly - Fall 2017 - cover3
Surety Bond Quarterly - Fall 2017 - cover4
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