The Miller Act is the single most important piece of legislation when it comes to surety bonding. Learn what it was for and what it does to protect the public.
Category: Contract Bonds
What many do not know is that not everyone qualifies for surety bond backing. Learn what you can do to ensure you qualify for the bond type and amount you are in need of.
Bonding companies will often agree to write risks they typically would decline by requiring collateral along with the premium. This is a good solution in certain circumstances, but clients would be wise to carefully read their collateral agreements prior to signing on the ‘X’.
The Surety Insider, LLC gives us a look into the world of surety bond claims. Find out what you should and should not do when it comes to finding a claims consultant. Also, get a novice crash course on the claims process from various outside sources.
Qualifying for a bond is a rather involved process. Learn the perspectives of the bonding company for what it takes to qualify for surety bond credit. Also, learn tips to increase your surety bond limits.
Bonding companies look at far more than just owners’ personal credit when it comes to construction bonds over $250,000. A surety wants to have confidence in their bonded contractors prior… Read more »