July 31, 2017 Napa River Insurance Services Launches New Funds Control Service Napa River Insurance Services, Inc. (Napa River) launched its new offering, Funds Control Services, which is available exclusively to general and specialty trade contractors that purchase surety bonds through Hudson Insurance Company (Hudson). Serving as the intermediary between construction project owners and contractors, Napa River ensures that those who supply labor and materials to a Hudson-bonded project, including subcontractors and other third parties, are paid out of those contract proceeds.
“We are very pleased to expand capabilities in support of our bond facility and, in turn, enhance the credit-worthiness of Hudson’s surety clients,” said Christopher Morkan, Director of Napa River Insurance Services. “Our cutting-edge technology, which makes same-day payment possible, demonstrates our commitment to support clients’ business needs and places us ahead of the curve in many cases.”
Napa River is focused on its clients’ long-term success. By serving Hudson’s clients exclusively, it is in a unique position to provide an informed and holistic approach to managing surety contract funds. Funds Control Services are available to Hudson’s surety clients on a nationwide basis.