NASBP Virtual Seminars provide need-to-know information from leaders in the surety industry approximately twice a month throughout the year. With NASBP Virtual Seminars, you will enjoy:
- Learning at your fingertips — education brought to you at your computer or mobile device or login as a group and share the information with colleagues and/or clients - all for one low price per location/ login.
- Interactive platform with Q&A features allowing you to connect with speakers and part of the conversation during the live webinar.
- Access to the on-demand recording for 1 year and much more.
Registration for individual Virtual Seminars- $89 for members or $179 for non-members*.
Upcoming Live Virtual Seminars
Virtual Seminar Recordings Library
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Killer Construction Contract Clauses 2nd Edition: Bond Producers Beware!Contains 3 Component(s) Recorded On: 09/25/2019
In this follow-up to the first NASBP Virtual Seminar on Killer Construction Contract Clauses hosted in the fall of 2018, you will hear presenters Marilyn Klinger and Ali Salamirad share their stories and experience as they examine a variety of onerous construction contract clauses, both in prime contracts, subcontracts, and performance bonds. The presenters will explain why these clauses are problematic from a variety of perspectives and identify alternatives that can help solve the issues these clauses attempt to address. Attendees will also have the opportunity to submit their own questions and have them answered before and during the Virtual Seminar and have them answered during the live virtual seminar.
NASBP 2020 VIRTUAL SEMINAR PACKAGEContains 200 Product(s)
Registration for the 2020 Virtual Seminar Annual Subscriptions, is now open and available only to NASBP Members, Affiliates, and Associates. Still only $995–that’s nearly half off what you would pay if you bought each of the nearly two dozen Virtual Seminars individually. Again in 2020, NASBP is offering a Subordinate Subscription, available online to the enrolled member location(s) of an NASBP maximum dues-cap member and the branch location(s) of an affiliate member. In order for a Member or Affiliate to be eligible for the Subordinate Subscription, one enrolled member location must already have purchased the Virtual Seminar Annual Subscription at the $995 fee. Then when any (or each) enrolled member location goes to register, it will be charged only the $250 Subordinate Subscription fee (If you are not seeing the subordinate subscription rate, please contact Professional Development at email@example.com and request a subordinate discount registration code).
An Introduction to a Myriad of International Surety MarketsContains 3 Component(s) Recorded On: 09/10/2019
As the world becomes more and more interconnected, the surety industry is becoming more and more global. Companies doing business around the world are finding surety requirements and the surety markets vary greatly from country to county. In addition, there is a growing trend of foreign contractors of all sizes coming to the U.S. to take advantage of the open and growing construction marketplace. This presentation will highlight differences between the U.S. and global surety markets and provide an overview of surety requirements around the world including in Germany and the European Union, Brazil and other Latin American countries and Dubai and countries of the Gulf Cooperation Council and more! International surety continues to be a significant opportunity for the surety industry and smart surety professionals need to understand these various markets. This session will provide a brief introduction to how surety operates around the world.
How I Hacked a Construction CompanyContains 3 Component(s) Recorded On: 07/23/2019
During this presentation, David Anderson an information security consultant who simulates black hat hackers in order to assess the security posture of organizations. Anderson will outline a recent assessment where he hacked into a construction company and gained full access to all information. He will also review some of the key controls that could be implemented to help prevent or detect this kind of attack.
Don’t Be Caught Off Guard: The Impact of the Trade War on Import Bond SufficiencyContains 3 Component(s) Recorded On: 07/16/2019
In the current trade environment, with the trade war that has been affecting more and more goods, surety companies writing customs import bonds are seeing more bond increases than ever before. This topic is more important than ever for surety bond producers and sureties to take a look at, as in last 12 months, U.S. Customs & Border Protection (CBP) has issued over 10,000 import bond insufficiency letters, five times the average number of annual increases for the past 10 years. Presenter Colleen Clarke of Roanoke Insurance Group Inc. will provide insight on how to properly determine bond amounts and how to assist your importer clients in projecting the proper bond amount going forward.
In the Weeds: ESOPs for Construction CompaniesContains 3 Component(s) Recorded On: 07/10/2019
ESOPs can be an effective tool for exit planning, succession, and culture, if implemented properly and with the right company; and the current accounting for ESOP transactions is not necessarily intuitive. Both of these make ESOPS an important issue for all surety professionals. In this seminar we will explore the ESOPs effects on a company’s financial statements, resources and commitments, and discuss the following: what to ask and look out for when a company is considering an ESOP; good (and poor) candidates for ESOPs; benefits and challenges of an ESOP corporate structure; other commitments and changes that often accompany ESOP implementation; funding ESOP transaction debt, contributions and/or repurchasing obligations. The seminar will also include discussion of why construction companies with ESOPs can be attractive to bond producers and sureties.
Special Circumstances in Surety Bonding: Death, Disability, Divorce, Departure, and MoreContains 3 Component(s) Recorded On: 06/25/2019
For more than a decade, presenter Michael Zisa has represented sureties and contractors in all aspects of their businesses. In this time, he has encountered a number of unique bonding issues and circumstances – some are legal and some are practical, but all are important for bond producers and underwriters to be aware of and understand. Life events and family and business issues often intrude on and complicate the contract bonding process. During this 60-minute NASBP Virtual Seminar, Mr. Zisa will discuss and provide insight from his experiences regarding the following: termination of indemnity obligations, friends and family indemnitors, death of the principal’s owner, death of an indemnitor, legal actions against a principal, joint ventures and the false claims act.
How the New Lease Accounting Guidance Will Affect Contractor’s Financial StatementsContains 3 Component(s) Recorded On: 06/04/2019
After working on this this project for 8 years, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2016-02 in February 2016 in response to criticism of the existing guidance for not providing financial statement users enough information about an entity’s leasing activities. The most significant change resulting from the ASU is that lessees will be required to put nearly all leases on the balance sheet by recognizing a right-of-use asset and a lease liability. The initial panic response that followed issuance of the ASU over 3 years ago has subsided, and most folks have since forgotten about the new standard entirely. Implementation is finally upon us though. Public business entities are required to adopt the lease standard for annual reporting periods beginning after December 15, 2018, with all other entities adopting the following year. This seminar will provide a high-level overview of how financial statements will be affected by the new guidance, including the effect on various performance metrics.
P3s: Strategies for Risk Evaluation and Mitigation for Subcontractors and Their Bond Producers and SuretiesContains 3 Component(s) Recorded On: 05/21/2019
Public Private Partnership projects are becoming more common in the USA, particularly for large and mega projects. P3s present subcontractors with new opportunities; and they also present significant new risks. This presentation will explore P3 projects from the perspective of the construction subcontractor and the subcontractor's bond producer and surety. The presentation will address some of the unique aspects of P3s as well as strategies to effectively identify and mitigate risk, such as the risk of inadequate payment protection.
Evolving Issues for Employers: Recent Developments in Cannabis Law and Form I-9 Immigration ComplianceContains 3 Component(s) Recorded On: 05/14/2019
During this seminar, we will examine two evolving issues of which surety professionals and their construction and other clients, as employers, should be aware. Aaron Schlesinger, a partner in Peckar & Abramson’s Labor Relations and Employment Law Department, will discuss the constantly evolving employment law issues surrounding cannabis use for medical and recreational purposes. He will outline the interplay between federal and state laws regarding marijuana and explain how employers can both keep the workplace free of drug use and also avoid litigation over allegedly discriminatory behavior toward cannabis users. Michael Schewe, a member of Peckar & Abramson’s Labor & Employment Law Group, will discuss the substantial uptick in worksite investigations by Immigration and Customs Enforcement (ICE), and the steps that employers can take to protect themselves from liability for Form I-9 processing and record keeping violations. Michael will include an overview of the Homeland Security Investigations (HSI) audit process, so employers can know what to expect when the government comes calling.
Surety in Oil & Gas – Managing Risk in a Changing WorldContains 3 Component(s) Recorded On: 04/24/2019
The oil and gas marketplace continues to evolve with a host of variables driving its transformation. During this Virtual Seminar, you will gain a better understanding of the various surety solutions that can be utilized by companies operating in this space. A flyover of the oil and gas commodity markets will serve as a backdrop to a closer look at each of the industry sectors and prominent areas of oil and gas activity in and around the United States. Additionally, details will be provided on the most common types of bonds for this industry as well as regulatory forces in play that could impact current and/or future bond requirements giving you the information you need to better anticipate and respond to your oil and gas customer’s needs.
Mechanics’ Lien Discharge Bonds - The Substitutes of the Surety WorldContains 3 Component(s) Recorded On: 04/09/2019
Mechanics’ lien discharge bonds are the substitutes of the surety world. They substitute for a previously filed mechanics’ lien, providing relief to owners and contractors alike from the onerous procedures, rules, and remedies that such liens carry with them. They may also provide added time to negotiate a settlement by substituting their own statutes of limitations. While mechanics’ lien discharge bonds are not without their risks, they offer a satisfying alternative in that owners and other stakeholders can insulate their property interests from foreclosure, while contractors have a simpler alternative to recovery than foreclosure. During this virtual seminar, we will take a look a mechanics’ liens and mechanics’ lien discharge bonds. Our speaker Mike Pipkin a partner at the Dallas office of the law firm of Weinstein Radcliff Pipkin LLP, will review real-world examples and examine the risks, rewards, and alternatives to mechanics’ lien discharge bonds.
ASC 606, Revenue from Contracts with Customers: Impact on the Contractors’ Financial StatementsContains 3 Component(s) Recorded On: 03/22/2019
Learn what surety professionals and their contractor clients need to know about the FASB revised revenue recognition standard by looking at the new guidance given in the ASC 606. During this seminar presenters will examine the impact on financial statements and footnotes, outline presentation and disclosure requirements, and give a five-step process to revenue recognition in light of the ASC 606. The discussion will be further illuminated through examples illustrating what these changes will look like.
The Evolving Role of the Construction CFO And How It Can Impact Surety Credit CapacityContains 3 Component(s)
The ever-changing construction industry is creating an environment where the construction CFO is challenged to take on increasing responsibilities. Gone are the days when the CFO was a trusted family member who was good with numbers and could be trusted. Today’s construction CFO must face the new challenges in financial reporting and increasingly is forced to the front lines of Technology, Compliance, Human Resources and other critical issues. In this session, we will discuss with you the impression vs. the reality of what is expected and needed from this critical management position. As surety professionals and business advisers to your construction partners its important to have a strong understanding of how this critical position within their organization, which can impact surety credit capacity, has changed.
Captive Insurance & Bonding: A Deeper DiveContains 3 Component(s) Recorded On: 02/20/2019
In this session, speaker and innovator in the captive insurance industry Brandon White, will look deep into the Captive Universe. We will explore the uses of captive insurance vehicles and how organizations are using them for bonding purposes. We will also discuss the impact of captives that are outside of the bonding program and how best to work alongside and what counsel to give your clients around the benefits and drawbacks of the captive structure in their business.
Bid Protest: When to Protest and When Not to ProtestContains 3 Component(s)
Government contracts, bid protests are on the rise. And, bid protests are a critical tool in the toolbox of every construction contractor that operates in the federal sector. Accordingly, contractors and their surety advisers must understand the contractors’ rights and obligations in order to make decisions that are in the best interests of their company. On this virtual seminar experienced government contracts attorney, Barron Avery will address the factors contractors should consider when awards go to competitors, and they are weighing whether to protest.
Construction Industry Dispute Resolution and Avoidance Tools – and the Implications for Bond Principals, Producers and UnderwritersContains 3 Component(s) Recorded On: 12/18/2018
This NASBP Virtual Seminar will provide an overview of construction industry dispute resolution and avoidance tools. Presenter Steve Nelson, will dive into some of the trends and improvements in the traditional dispute resolution processes, such as step negotiation, litigation, arbitration, and mediation. As well as take a look at some of the lesser known tools like Dispute Review Boards, and the increasingly popular use of Standing Neutrals and Neutral Evaluators, with comments on how the use of these tools might change the risk profile of a project and bond underwriting requirements for those projects. In short, we will take a look at what works, what doesn’t, what’s new, and what’s trending in this arena and what that means for bond principals, producers and underwriters.
The SBA Today: It's Not Your Grandfather's Bond Guarantee ProgramContains 3 Component(s) Recorded On: 12/14/2018
The U.S. Small Business Administration's Surety Bond Guarantee Program (SBG) is vastly different today from the one that began in 1971. Until a decade ago users found the SBG Program to be paper intensive, time consuming, and sometimes frustrating. Today the SBG Program is fast, simple, and streamlined with a paperless, web-based application process that requires only two or three forms beyond the typical surety underwriting package and provides approvals in time frames from just a few hours to less than two days.
Best Practices for Documenting Claims and Avoiding RiskContains 3 Component(s)
S. Gregory Joy, a partner in the Washington, D.C. and Atlanta offices of Smith, Currie & Hancock, will explain how contractors can document claims and avoid risk. Joy has helped contractors to obtain or maintain federal, state and local contracts through bid protests and Small Business Administration size protests. In addition, Joy has successfully defended contractors whose accepted bids for contracts have been challenged.
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