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
Wildfires, Silica Exposures and ESG-Friendly Solutions Cover Art

Wildfires, Silica Exposures and ESG-Friendly Solutions

By David Rios
Wildfires can carry along with them hidden dangers lurking in their smoke that may pose a risk to your workforce.
Risk
How Insurers Lead the Way for Power Generation and Electrical Distribution Projects Cover Art

How Insurers Lead the Way for Power Generation and Electrical Distribution Projects

By Chris Fancher
As energy solutions grow, so do energy storage needs and the demand on the power grid. Insurers have to evolve with the infrastructure.
Risk
Your Crisis Communication Guide: Anticipating Construction Plans to Hit Unexpected Obstacles Cover Art

Your Crisis Communication Guide: Anticipating Construction Plans to Hit Unexpected Obstacles

By Anne Lackey
The time for crisis planning is during quiet moments when clear thinking can help build a framework for handling whatever challenges arise.

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.