Some licensing authorities require that plumbers file a surety bond before they can be legally licensed. Licensing regulations vary by jurisdiction, of course, so plumbers should always check with the ...

Surety bonds serve as a safeguard to ensure the fulfillment of contractual obligations and help owners manage the risks that ...

The process of obtaining contract bonds for the first time can be confusing, while mistakes or misunderstandings can lead to serious problems. That’s why it’s vital to ensure you and your contracting ...

Contractor default inflicts huge losses on everyone involved — on contractors and project owners alike, though in different ways — and can delay, and ultimately stop, a project. This is why surety ...

Surety bonds are a means for independent contractors and small businesses to guarantee their performance under a contract. Surety bonds financially compensate the client if the contractor does not ...