Risk

How Surety Bonds Work When a Contractor Defaults

There are several remedies the surety can employ when a contractor defaults. However, it is necessary to understand why default occurs and how it can be avoided by contractors from the start
By Eric Weisbrot
January 15, 2019
Topics
Risk
by Eric Weisbrot
Eric Weisbrot is the Chief Marketing Officer of JW Surety Bonds. With years of experience in the surety industry under several different roles within the company, he is also a contributing author to the surety bond blog.

Related stories

Risk
Mitigating Risk in Construction Site Preparation Cover Art

Mitigating Risk in Construction Site Preparation

By Joseph Willis
The best defense is a good offense, and in the case of construction, the best reaction to jobsite risk is being proactive and prepared.
Risk
Damage Control: Major Rebuilds After Major Weather Events Cover Art

Damage Control: Major Rebuilds After Major Weather Events

By David McMillin
Hurricanes, tornadoes, wildfires and more—each of these major weather events comes with different challenges, but they all share one common need: someone who knows how to rebuild.
Risk
The Risks of Minimum Insurance Coverage for Contractors Cover Art

The Risks of Minimum Insurance Coverage for Contractors

By Corey Sheridan
Understand the true cost of being underinsured and navigate the risks to your company, contractors, subcontractors, jobsites and more.

Follow us




Subscribe to Our Newsletter

Stay in the know with the latest industry news, technology and our weekly features. Get early access to any CE events and webinars.