Below you'll find a list of all posts from June, 2022
By Sarah Licata for AssuredPartners Construction insurance and surety bonds both provide different types of protection on a construction project, but a common misconception is that a surety bond is another type of insurance. So, what is the difference between the two? What is Construction Insurance and How Does it Work? Construction insurance is an agreement between two parties: The …
Posted by Collin Belcher, AFSB, for OldRepublicSurety This article originally was published by the National Association of Surety Bond Producers and is being republished with the express permission of NASBP. Placing a bid on a public construction project comes with a host of risks for both contractors and public entities. A surety bond is an essential risk management tool for …
Posted by Nancy Germond, MA, ARM, AIC, ITP, SPHR, SHRM-SCP, for OldRepublicSurety Once an owner or developer selects your company for a construction project, one of your many tasks is to ensure that your workers’ compensation program meets all contractual requirements. On larger projects, construction contracts normally detail which contractor is responsible for ensuring all workers have workers’ comp coverage. …
