A surety bond is an insurance policy for your customer; it assures the customer that you'll follow through on your contract. Acquiring a surety bond is similar to taking out a loan; you have to file ...

In virtually all public projects (and in many private projects), the owner requires the general contractor to post a performance bond and a payment bond. Recently, in some cases, general contractors ...

A surety bond is a three-party contract between a principal, obligee and a surety. Surety bonds also are regulated by state insurance departments. The principal has an obligation to the obligee to ...

With construction teams navigating the effects of the COVID-19 pandemic and the world’s material supply chains, securing project performance has perhaps never been at such a premium. If a contractor ...

CHARLOTTE, N.C., Feb. 13, 2023 /PRNewswire/ -- Obligees requiring physical bond copies with handwritten signatures are slowly becoming a thing of the past. With Jet Insurance Company's newly launched ...

The financial technology and insurance platform, OneNexus, has formed a strategic partnership with The Travelers Companies, ...

It is in this context that surety bonds have begun to attract attention—not as a financial innovation, but as a structural rethinking of how project risk is allocated.

BOSTON, April 24, 2023 (GLOBE NEWSWIRE) -- Risk Strategies, a leading national specialty insurance brokerage and risk management and consulting firm, today announced its acquisition of JW Surety Bonds ...