BIGGEST RISK with Gary Eastman

J Darrin Gross I'd like to ask you, Gary Eastman, what is the BIGGEST RISK?   Gary Eastman Okay, so this is a great question, and I think there are two risks that kind of embed themselves in everything that we see today, at least from the surety bond perspective. One financing risk, right? Because those are the you know, the amount of capital available is going down if the cost of capital is going up. And the second part is labor. We are, we're short of labor, and so we're going to continue to be short of labor. So those two things are an interplay all the time. And so we see, you know, bonds being able to help minimize that risk, both, both of those risks. And so if you're a real estate developer, right, your financing risk is set again. It's set up. And how we do it so you get the bond so that you can make sure that the project's done, you can get clients, you know, into the space and start receiving, you know, some sort of return on that. The second part, of course, is labor. You know, you don't want to hire somebody who then turns around and you know, they're all their subs have disappeared, or they're doing something else. And so bonds have, you know, given you a way to basically minimize both those risks. We see that in every part of society now, and places where we didn't see it five years ago. So bonds is a tool, not the only tool that you can use to go out there and start minimizing that risk, mitigating that risk, before it happens. And then, of course, the other thing is, if there is a problem, we like to jump on this quickly to mitigate the risk down so that we don't have massive lawsuits and problems going out there. Yeah, I've been doing this since 2008 and I have been fortunate that I am none of my clients have involved in a protracted litigation, which, as an attorney, warms my heart, but those are the things that we see all the time that we're trying to eliminate, if possible, and then mitigate when they do. https://swiftbonds.com/