How much do you know about the surety system and its functions? Surety bonds play an important role in managing construction contract risk. See both sides of the surety process from the perspective of the owner and the contractors bidding on and performing contracts. Find out how bonding compares to other risk management approaches in construction.  

Webinar Objectives

• Understand how bonds differs from traditional insurance products    
• Discuss how bonds work for purchasers and contractors/suppliers 
• Compare bonds to other approaches in managing contract risk (ie. Irrevocable Letters of Credit)
• Define electronic tenders and determine what constitutes a legally enforceable e-bond
• Review the claims process for surety bonds
• Identify resources for insurance and risk management professionals to learn more about bonds   

Webinar Presenters

Robert Sloat, Regional Director - Western Canada -  Surety Association of Canada 
Bob has extensive experience in the construction sector – in a provincial government (Housing & Public Works; Municipal Affairs), industry associations at the national level, and private industry.  He is a graduate in Engineering of the Royal Military College of Canada and served in the Royal Canadian Navy.  His career includes leading a mid-size construction company as President and executive positions with a number of national trade associations.  

Based in Vancouver, he is responsible for representing the surety industry, including business development and government relations, in Western Canada.  His primary role is to act as a resource person for large public procurers; to explain the surety process and how owners and contractors can get the most from it.  Bob is involved in government and industry sponsored committees across the west focused on bettering the procurement process, especially for infrastructure.  He has been serving with the Surety Association of Canada since 2009.  

Number of Continuing Education Credits: AIC# 65657 2 CE Hour General and Adjuster
Please be aware that tardy log-in or early log-out to/from the webinar will preclude IISA from issuing a CE certificate for this education session.

* If you require CE credits for licensing renewal requirements in provinces other than AB, please check with you provincial licensing regulator for validity.

Registration Deadline: Monday, September 25, 2023

Fees: Before GST. Insurance Institute membership required

$80.95 IISA Member
$71.43 CIP Society Member
$64.29 Corporate Rate (group of 6+) - Contact iisamail@insuranceinstitute.ca to register groups.

+$90.00 Insurance Institute membership for New Members (membership exp May 31, 2024 )

Cancellation Policy:   Participant substitutions accepted up to 24 hours prior to webinar (substitute must be current member). IISA reserves the right to cancel the webinar due to unforeseen circumstances.

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New members: IISA Membership Fee of $90 (expiring May 31, 2024) is applicable.  For assistance to renew or process a new membership, please contact iisamail@insuranceinstitute.ca or 403-266-3427.