Surety experts estimate that 75% of claims on bonded projects are due to non-payment of major sub-contractors and suppliers, and that the very large majority of payment problems are due to mismanagement of contract funds, or “Robbing Peter to pay Paul”.

Insurers found that they could reduce both the frequency and severity of bond claims by isolating project funds with an independently-managed disbursement account.

Since the advent of Funds Control for bonding, Great Horn Financial Services has provided objective disbursement control services for a multitude of sureties on a referral basis.

Great Horn has since become a national leader in providing independent escrow services for the benefit of sureties, general contractors, major sub-contractors, suppliers, and owners alike.