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
Finding the Solution to Rising Construction Insurance Premiums
By Yaron Dycian
Contractors can thank inflation, materials prices, the skilled-labor shortage and more for their rising insurance premiums, but those premiums can be brought down by taking the right steps.
Risk
Safeguarding History: Fire Risks in Renovating Historic Buildings
By Birgitte Messerschmidt
In light of Notre Dame's restoration and the current wildfires devastating the Southern California region, safeguarding against fire is at the forefront of everyone's construction concerns.
Risk
How Contractors Can Ensure Compliance With Security Measures for Concert Venues
By Grace Calengor
Safety and security may not sound very rock ‘n roll, but they are what ensure the show goes on. Despite contractors’ best efforts, sometimes initial safety and security designs don’t cover it all. Make sure your company knows what to do if it comes to litigation.