Below you'll find a list of all posts from March, 2023
Posted by Lynne W. Cook, AssuredPartners So, your attorney calls to inform you that you are facing a bond requirement. You are confused. Since you are not in jail, there’s no need for a bail bond, and James Bond is the only other bond that immediately comes to mind! Ironically, there are thousands of surety bonds, but most people are …
Posted by Thomas A. Littlefield, OldRepublicSurety When a construction project is delayed, damage claims can result, and fingers are quickly pointed at the contractor to be held accountable for these damages. Planning for all the potential delays that can affect a project is not easy ― especially in today’s unpredictable pandemic environment with its supply chain shortages, volatile prices of …
Posted by Regan Hupf, AssuredPartners Surety bonds offer compelling advantages as a type of security against contract default when compared to guarantees offered by banks. The demand for surety bonds as a financial instrument as opposed to merely a statutory requirement has been gaining traction. Most businesses with a leased facility or office space will have some sort of security …
