bonds

A surety bond is a way to make sure that a contract is completed in the event of contractor default and is a way for contractors and project owners to protect themselves.   When a project owner, known as an obligee, seeks out a contractor, known as a principal, to fulfill a contract, it is […]

A surety bond is a way to make sure that a contract is completed in the event of contractor default and is a way for contractors and project owners to protect themselves.   When a project owner, known as an obligee, seeks out a contractor, known as a principal, to fulfill a contract, it is […]

When putting together your business’s risk management portfolio, you will naturally need to include commercial insurance as part of your strategy. However, another critical piece of financial protection that you might need is a commercial bond. Also known as surety bonds, commercial bonds are guarantees of financial security that address a business’s liabilities to its […]