This is why surety bonds are put in place, to secure the successful outcome of a project. Almost all public construction projects, as well as a number of private construction projects, are backed ...

Enter the surety bond: a modern financial tool that is emerging as the perfect replacement for bank guarantees, particularly in the construction sector and for Engineering, Procurement ...

Lowering the cost of required surety bonds can help construction subcontractors reduce the monetary burdens - here are seven tips to help reduce those costs Mar 8, 2018 Running a business as a ...

Surety bonds ensure contractual terms are met, reducing risks in construction and other projects. Contract and commercial surety bonds protect various stakeholders in business dealings.

Construction projects often involve numerous risks, but various insurance policies are designed to mitigate these. Common policies include: Commercial General Liability (CGL): Protects against ...

India's budget has allocated ₹11.11 lakh crore for infrastructure development, focusing on industrial parks, housing, water ...

Surety bonds are one protection that small businesses might consider, and in many cases, the businesses may be required to purchase them. This is especially true in industries like construction or ...

Tokio Marine HCC (TMHCC) remains the leading partner in the US Small Business Administration (SBA) Surety Bond Guarantee (SBG ...

When it comes to construction bonds, even California courts continue to hold that a surety’s liability for attorneys’ fees under its principal’s contract are limited by the penal sum.