Friday, November 30, 2012

NAHB International Builder Show


Coastal Industries featured in the 2012 NAHB IBS National Association of Home Building's International Builder Show. Tom Memory of Coastal Shower Doors speaks briefly about what the show is all about

Tuesday, November 27, 2012

Teen Drivers: Stay Safe Behind the Wheel


California Department of Insurance presents a video public service announcement for teen drivers.

Sunday, November 25, 2012

NAHB's International Builder's Show 2012


It's day three of NAHB's International Builders' Show, but there's still plenty to do! Follow Tracy Locke as she shows you the places to be and people to see. We hope you had fun with IBSTV and we'll see you in Las Vegas at IBS 2013. See more about this event at www.buildersshow.com

Thursday, November 22, 2012

Monday, November 19, 2012

We Serve Contractors In Every Trade

Thousands of contractors trust First Service for their insurance needs. We proudly serve contractors in every trade:

 

    • Air Conditioning
    • Cabinet Makers
    • Ceramic and Mosaic Tile
    • Commercial Builders
    • Concrete
    • Earthwork
    • Electrical
    • Electrical Sign
    • Excavating
    • Finish Carpentry
    • Fire Protection
    • Flooring
    • Framing
    • Landscaping
    • General Contracting
    • General Engineering
    • Glazing
    • Grading
    • Home Builders
    • HVAC
    • Lathing
    • Manufactured Homes
    • Masonry
    • Painting and Decorating
    • Paving
    • Pipeline
    • Plastering
    • Plumbing
    • Refrigeration
    • Reinforcing Steel
    • Residential Builders
    • Roofing
    • Sanitation System
    • Sheet Metal
    • Solar
    • Structural Steel
    • Swimming Pool
    • Tile
    • Welding

 

We have programs for all construction projects and contractor types.

 

Click “Get Quotes” below to get your quote, or call us at  800-591-9692 .

Friday, November 16, 2012

NFPA Journal - Proposed Changes to Series Fire Pumping Units



A number of important changes were considered for the 2013 edition of NFPA 20, Installation of Stationary Pumps for Fire Protection, but most of the discussion centered around a number of issues - including series fire pump units.

NFPA senior fire protection specialist Chad Duffy explains the engineering and safety issues around placing pumping units in series.

You can learn more about this topic online at http://www.nfpa.org/firepumps

Tuesday, November 13, 2012

Fire Power (Original)



NFPA® created the award winning video - Fire Power - which takes a firsthand look at the deadly dynamics of fire from ignition to full room involvement. At every twist and turn of the video, viewers get a bird's-eye view of fire's path of destruction and are astonished at how rapidly smoke and flames from a small fire envelop a home, making escape virtually impossible. This is a clip from the DVD...

Order your copy of this award-winning presentation today!:
online: http://www.nfpa.org/catalog/product.asp?pid=FL76VH&order_src=C117
or call: 800-344-3555 Toll Free

Saturday, November 10, 2012

The Surety Bond and Similar Bonds

A surety bond or surety is a promise to pay one party (the obligee) a certain amount if a second party (the principal) fails to meet some obligation, such as fulfilling the terms of a contract. The surety bond protects the obligee against losses resulting from the principal's failure to meet the obligation.

Overview
A surety bond is a contract among at least three parties:

  • The obligee - the party who is the recipient of an obligation, e.g., the client building an office building
  •  The principal - the primary party who will be performing the contractual obligation, e.g., the contractor building the office building
  • The surety - who assures the obligee that the principal can perform the task

European surety bonds are issued by banks and are called "Bank Guarantees" in English and "Caution" in French. They pay out cash to the limit of guarantee in the event of the default of the Principal to uphold his obligations to the Obligee, without reference by the Obligee to the Principal and against the Obligee's sole verified statement of claim to the bank.

Through a surety bond, the surety agrees to uphold — for the benefit of the obligee — the contractual promises (obligations) made by the principal if the principal fails to uphold its promises to the obligee. The contract is formed so as to induce the obligee to contract with the principal, i.e., to demonstrate the credibility of the principal and guarantee performance and completion per the terms of the agreement.

The principal will pay a premium (usually annually) in exchange for the bonding company's financial strength to extend surety credit. In the event of a claim, the surety will investigate it. If it turns out to be a valid claim, the surety will pay it and then turn to the principal for reimbursement of the amount paid on the claim and any legal fees incurred.

If the principal defaults and the surety turns out to be insolvent, the purpose of the bond is rendered nugatory. Thus, the surety on a bond is usually an insurance company whose solvency is verified by private audit, governmental regulation, or both.

A key term in nearly every surety bond is the penal sum. This is a specified amount of money which is the maximum amount that the surety will be required to pay in the event of the principal's default. This allows the surety to assess the risk involved in giving the bond; the premium charged is determined accordingly.

Surety bonds are also used in other situations, for example, to secure the proper performance of fiduciary duties by persons in positions of private or public trust.

Annual US surety bond premiums are approximately $3.5 billion. State insurance commissioners are responsible for regulating corporate surety activities within their jurisdictions. The commissioners also license and regulate brokers or agents who sell the bonds.

History
Individual Surety Bonds are the original form of suretyship. The earliest known record of a contract of suretyship is a Mesopotamian tablet written around 2750 BC. There is evidence of Individual Surety Bonds in the Code of Hammurabi and in Babylon, Persia, Assyria, Rome, Carthage, the ancient Hebrews and later England.

The Code of Hammurabi, written around 1790 BC, was the first time suretyship was addressed in a written legal code. It wasn't until 1840 that the first Corporate Surety was organized, The Guarantee Society of London.

In 1865, the Fidelity Insurance Company became the first US Corporate Surety company,[5] but the venture soon failed.

Contract Surety Bonds
Contract bonds, used heavily in the construction industry, are a guarantee from a Surety to a project's owner (Obligee) that a general contractor (Principal) will adhere to the provisions of a contract.
Included in this category are: bid bonds (guarantee that a contractor will enter into a contract if awarded the bid), performance bonds (guarantee that a contractor will perform the work as specified by the contract), payment bonds (guarantee that a contractor will pay for services and materials), and maintenance bonds (guarantee that a contractor will provide facility repair and upkeep for a specified period of time). There are also miscellaneous contract bonds that do not fall within the categories above, the most common of which are subdivision and supply bonds.

Commercial Surety Bonds
Commercial bonds represent the broad range of bond types that do not fit the classification of contract. They are generally divided into four sub-types: license and permit, court, public official, and miscellaneous.

License and Permit Bonds
License and permit bonds are required by certain federal, state, or municipal governments as prerequisites to receiving a license or permit to engage in certain business activities. These bonds function as a guarantee from a Surety to a government and its constituents (Obligee) that a company (Principal) will comply with an underlying statute, state law, municipal ordinance, or regulation.

Specific examples include:

  • Contractor’s license bonds, which assure that a contractor (such as a plumber, electrician, or general contractor) complies with local laws relating to his field.
  • Customs bonds, including importer entry bonds, which assure compliance with all relevant laws, as well as payment of import duties and taxes.
  • Tax bonds, which assure that a business owner will comply with laws relating to the remittance of sales or other taxes.
  • Reclamation and environmental protection bonds
  • Broker’s bonds, including Insurance, Mortgage, and Title Agency bonds
  • ERISA (Employee Retirement Income Security Act) bonds
  • Motor vehicle dealer bonds
  • Money transmitter bonds
  • Health spa bonds, which assure that a health spa will comply with local laws relating to their field, as well as refund dues for any prepaid services in the event the spa closes.

Source: Wikipedia: http://en.wikipedia.org/wiki/Surety_bond

Thursday, November 8, 2012

Real-World Solutions Provided at Green Truck Summit 2013



Industry-leading event returns as part of The Work Truck Show®

FARMINGTON HILLS, MI (Nov. 7, 2012) – Registration is now open for the work truck industry’s leading educational forum on clean vehicle technologies, the Green Truck Summit. The Green Truck Summit kicks off the extensive educational conference at The Work Truck Show® 2013 on March 5. The Summit gives fleet managers and other industry professionals practical ideas and real-world solutions for implementing new green practices.

The Green Truck Summit, presented by International Truck, is produced jointly by NTEA and CALSTART. It runs March 5−6, 2013. The Work Truck Show 2013 trade show floor is open March 6−8, with educational sessions starting March 5. The Green Truck Summit and The Work Truck Show are held at the Indiana Convention Center in Indianapolis, IN.

“This event has really grown over the last few years as people have seen the positive impact new clean technology can have on their operations,” says Doyle Sumrall, NTEA senior director of business development. “The Green Truck Summit is a can’t-miss event for forward-thinking fleet managers and anyone looking to gain a competitive advantage through green initiatives.”

Topics for the Green Truck Summit 2013 include clean technology and fuel trends, deployment strategies, viable alternative fuels and funding opportunities. The Summit’s slate of presenters includes a wide range of technical experts and industry leaders, including representatives from truck and engine OEMs, government agencies and fleet operations.

Over its day-and-a-half run, the Green Truck Summit features 24 breakout sessions, five general sessions and two keynote addresses. Keynote speakers will be announced closer to the event.

The first general session, “Trends in Clean Technologies and Fuels,” is presented by Sumrall and CALSTART President and CEO John Boesel. The two will discuss current clean trends and give an outlook for manufacturers, suppliers and fleets. It will take place Tuesday, March 5 at 9:00am.
The other opening day general sessions are “OEM Perspectives on the Future of Clean Technologies,” “Modeling the Benefits of Deploying Green Technologies” and “Optimizing Engines: New Ideas to Be Clean and Efficient.” Breakout sessions scheduled for Tuesday cover propane, hydrogen fuel cells, natural gas, hybrid electric systems, truck updates and more.

The general session on Wednesday, March 6, “Compounding the Green: Incremental Measures for Going Green and Sustainable,” is led by Fred Silver, vice president of CALSTART. This session will address vehicle productivity enhancement, idle management, energy use reduction and sustainable fleet management. It will run 8:45am−9:45am.

Remaining breakout sessions address bi-fuel CNG and LPG systems, turbine-electric trucks and other fuel-saving advancements. The complete Green Truck Summit schedule is available at www.ntea.com/greentrucksummit/schedule. A full list of sponsors is available at www.ntea.com/greentrucksummit/sponsors.

Other truck initiatives at The Work Truck Show include the Green Truck Ride-and-Drive sponsored by Hino Trucks, where attendees can experience the latest in cutting-edge clean vehicle technology with hands-on test drives and demos. On the show floor, the CALSTART Clean Technologies and Fuels Pavilion features “green” equipment that is commercially available today.

To register for the Green Truck Summit and The Work Truck Show 2013, visit www.ntea.com or call  1-800-441-6832 . Green Truck Summit registration includes an exclusive one-hour reception at 5:15pm on Monday, March 5.

Produced annually by NTEA, The Work Truck Show brings together thousands of work truck professionals, including fleet managers, equipment buyers, maintenance personnel, manufacturers, distributors and dealers.

About NTEA

Established in 1964, NTEA, the Association for the Work Truck Industry, represents more than 1,550 companies that manufacture, distribute, install, sell and repair commercial trucks, truck bodies, truck equipment, trailers and accessories. Buyers of work trucks and the major commercial truck chassis manufacturers also belong to the Association. The NTEA provides in-depth technical information, education, and member programs and services, and produces The Work Truck Show. The Association maintains its administrative headquarters in suburban Detroit and a government relations office in Washington, DC.

About CALSTART

CALSTART is a non-profit organization that works nationally to foster the rapid growth of the clean transportation technology industry. The organization supports industry growth by providing valuable information and analysis, fostering strategic partnerships, supporting smart public policies, and managing high-impact technology commercialization programs. CALSTART has more than 150 member companies and offices in California, Colorado, and Michigan.  For more information visit www.calstart.org.

Tuesday, November 6, 2012

Contractor Surety Bonding Is A Specialty Of First Service Insurance

Surety Bonding for contracts from $5,000 to $5,000,000 and beyond

Surety Bonding is a specialty of ours, and you get the benefit of years of experience and relationships with the best carriers.

Start with the paperwork below and fax back to 800-591-1845.

For Bonds under $250,000 download your Performance Bond Application

For Bonds over $250,000 download your Performance Bond Application

Saturday, November 3, 2012

Faces of Fire - Sam Davis of Cape Coral, FL



Sam Davis, president/CEO of Island Harbor Construction in Cape Coral, FL, offers a free fire sprinkler system in all new homes he builds. "Fire sprinklers do save property, but their main function is to save lives," he says. When someone asks him about fire sprinklers he tells them, "You can spend a fortune on appliances, cabinets and granite countertops but those things will do nothing to protect your family against a fire."

Mr. Davis says that the benefit to his company is that they are actively promoting a system that will save lives. "I'm waiting for the day, although I hope it never ever happens, that we get a call that one of our systems activates, and if it does, that it saved someone's life. A home fire sprinkler system is well worth the investment." NFPA's Faces of Fire campaign is a tool to help people and groups across the country promote the use of automatic fire sprinklers in one- and two-family homes. By containing fires before they spread, home fire sprinklers protect lives and property.

The personal stories told through the Faces of Fire campaign will show the experiences of those who escaped or lost loved ones in home fires and those whose lives and property were protected by home fire sprinklers. http://www.firesprinklerinitiative.org/resources/faces-of-fire/sam-davis.aspx http://www.firesprinklerinitiative.org http://www.nfpa.org