A bond is a type of insurance, issued by insurance companies called sureties, that serve as a risk mitigation tool for states and localities. They have two key benefits: protection and ...

Surety bonds are a means for independent contractors and small businesses to guarantee their performance under a contract. Surety bonds financially compensate the client if the contractor does not ...

Surety and fidelity bonds are 2 options to protect your business. While they’re both bonds, each serves a different purpose. Learn more about surety and fidelity bonds now. Surety bonds are a legal ...

When selecting a contractor for a job, it is important to choose the most fiscally responsible one for the construction project in order to mitigate and manage risk and ensure its timely completion.

Surety bonds assure project owners that a contractor can complete a project according to contract specifications. Requiring a surety bond on a project helps prequalify contracting firms based on their ...

But according to the suit, Oakmont sidestepped the safeguard. Frankenmuth alleges the contractor received at least $1,084,289 ...

Surety bonds are an agreement involving a principal, an obligee and a surety company that issues the bond for a fee. In most cases, the obligee accepts a bid or application submitted by the principal.

Placing concrete requires specialized skills and equipment. The licensing requirements for concrete contractors vary from state to state. In some states, concrete contractors need a specific license ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

A1SuretyBonds.com is meeting the needs of small to medium sized contractors and infrequent users of surety credit for Bid, Payment and Performance Surety Bonds by providing contract surety programs ...

Jack Gaugler, Vice President, Surety Bond Specialist, SeibertKeck Insurance Agency Inc. When selecting a contractor for a job, it is important to choose the most fiscally responsible one for the ...