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.

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