Andy Roberts

Account Executive, Surety

Andy has worked in the commercial insurance industry for over eight years, focusing on the insurance needs of homeowners associations throughout California. After desiring a more specialized role within the industry, Andy joined Rancho Mesa in February of 2018 as a Surety Account Executive.

Experience

Surety Account Executive, February 2018 - Present
Rancho Mesa Insurance Services, Inc.

Client Manager
Barney & Barney/Marsh & McLennan, April 2010 - February 2018

Education

Bachelor of Arts, Criminal Justice
University of Nevada, Las Vegas

About

Andy was born and raised in San Diego, and currently resides in the Clairemont area with his wife Kelsey and their two dogs, Kopi and Carter. In his free time, he enjoys staying active, playing softball, ice hockey, and spending time with his family and friends.

Industry News

How a Bank Line of Credit Can Affect Your Surety Bonding

Author, Andy Roberts, Account Executive, Surety, Rancho Mesa Insurance Services, Inc.

When a surety carrier is evaluating a bonding program for a contractor, they use many different underwriting factors to determine an acceptable amount of bond capacity. They will consider a contractor’s working capital, net worth and work in progress schedules, to name a few. Another important factor that can help increase a contractor's bonding capacity is a bank line of credit.

Case Study: First-Time Bonding for Landscape Professional

Author, Matt Gaynor, Director of Surety, Rancho Mesa Insurance Services, Inc.

I recently had the opportunity to work with a new client who is a landscape professional. He wanted to bid on a maintenance project for a local municipality and wasn’t sure if he would qualify for the required performance bond.

The Number 1 Reason a CPA Reviewed Financial Statement Can Benefit a Contractor

Author, Matt Gaynor, Director of Surety Bonding, Rancho Mesa Insurance Services, Inc.

One of the key documents required when we are assembling the Bonding Programs for our construction clients is a fiscal year-end financial statement prepared by an outside Certified Public Accountant (CPA). Although we monitor internal financial information from our contractors throughout the year, at the fiscal year-end (usually 12/31), the bond company will require that the statement come from a third party CPA. That way, they have some certainty that the information has been prepared by an independent financial source that has a background in working on contractor financial statements.

Small Performance Bonds No Longer Require CPA Financial Statements

Author, Matt Gaynor, Director of Surety, Rancho Mesa Insurance Services, Inc.

In the past, many Surety Bond carriers required financial statements from a Certified Public Account (CPA), bank lines of credit, tax returns, etc. for contractor bond programs, whether the client required one bond a year or a large bond program. This is no longer the case.

Increase Bonding Capacity Through Jobsite Pictures

Author, Matt Gaynor, Director of Surety Bonding, Rancho Mesa Insurance Services, Inc.

A picture may be worth a thousand words, but it can also be worth hundreds of thousands of dollars when it comes to bonding a new construction project. Let me explain the bonding process and how a few pictures can free up a contractor's bonding capacity.