Contract Red Flags from a Commercial Surety Perspective
Recorded On: 10/20/2015
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The bonding of commercial, that is, non-construction contracts are discussed. Mr. Ulmer and Mr. Lavitt review key contract clauses from a commercial surety perspective. Additionally, the commercial surety implications of various bond forms are discussed with a focus on pitfalls to be avoided.
Robert G. Lavitt
Robert G. Lavitt, Esq., Travelers Bond and Specialty Insurance
Robert G. Lavitt, Esq. joined Travelers Bond and Specialty Insurance in November 2000 in the HO Commercial Surety unit. Bob’s areas of legal expertise are: commercial litigation, admiralty law and bonds, indemnity agreements, DIP bonding facilities, lost instrument bonds, preferences, fraudulent conveyances, injunctive relief, and manuscript bond forms. Bob spent 12 years as a commercial litigator in private practice in New Jersey, after which he became the Assistant Counsel of Frontier Insurance’s Surety Department in Nashville. Bob received his law degree from Boston University (J.D. 1987) and his undergraduate degree from the University of Chicago (B.A. 1984, English Literature). Bob is admitted in Connecticut, New Jersey, New York and Tennessee. Bob has an “A/V” rating from Martindale-Hubbell.
Craig H. Ulmer
Underwriting Director, Travelers Bond and Specialty Insurance
Craig H. Ulmer is an Underwriting Director at Travelers Bond and Specialty Insurance, Commercial Surety in Hartford Connecticut. After working in commercial banking, Craig has served in multiple roles in surety for the past 25 years in construction surety and commercial surety both in the field and home office. In addition to his underwriting responsibilities, Craig leads two teams at Travelers Bond and Specialty Insurance, Commercial Surety, focusing on Commercial Contract and Oil & Gas. Craig received his MBA, cum laude, from the F.W. Olin School of Management at Babson College and is a graduate of Gettysburg College.