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 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 ...

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.

It is in this context that surety bonds have begun to attract attention—not as a financial innovation, but as a structural ...

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 ...

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 ...

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 ...

In the heating and plumbing industry, licensed professionals are often required to post a surety bond. This state or local requirement ensures that customers working with heating and plumbing ...

Rising contractor failures, sustained inflation and a hardening of the surety bond market are just some of the elements forcing construction firms to ...

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 ...