Five County Insurance Blog: bonds
View the latest blog posts from Five County Insurance.
Monday, February 26, 2024A surety bond is a way to make sure that a contract is completed in the event of contractor default and is a way for contractors and project owners to protect themselves. When a project owner, known as an obligee, seeks out a contractor, known as a principal, to fulfill a contract, it is up to the contractor to purchase a surety bond. READ MORE >>
Friday, June 3, 2022As a contractor, you know that a multitude of potential issues can prevent you from finishing a job as planned. And though you always try to perform in a professional manner, there are some circumstances that cannot be avoided. If this occurs, the project owner can take legal action to recover their losses. READ MORE >>
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