Below you'll find a list of all posts from August, 2022
Posted by Sean Rummel, OldRepublicSurety America’s love of baseball is about so much more than the game itself. It’s also about the overall ballpark experience. From youth Little League fields to Major League Baseball stadiums, communities across the country invest significant resources into creating facilities where people can enjoy America’s pastime. Building or renovating a local baseball field can be …
Posted by OldRepublicSurety Surety underwriters ask a lot of questions. They do so to fully understand your business to better support your project opportunities. Part of the process is determining you qualify for the size and scope of the projects for which you require bonds. If your organization cannot carry out the construction contract, your surety is obligated to carry …
Posted by Arthur Sonneland, for OldRepublicSurety No one wins — the principal, the obligee or the surety — when a principal is terminated on a bonded project. A termination will generally require the surety to step in and 1) find another contractor to complete the project, 2) complete the project itself or 3) offer a financial settlement to absolve itself …
