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
Builder’s Risk: Three Blind Spots Impacting Your Project’s Success
By Dennis Tsonis
While construction insurance is costly, underinsuring may prove more so in the long run.
Risk
Three Common Causes of Electrocution on Construction Sites and How to Avoid Them
By Randy Dombrowski
Electricity is an unavoidable presence on every construction site—but electrocution doesn’t have to be. Here’s how to keep crews safe.
Risk
The Future of Fire Protection in EV Battery Facilities
By Stuart Bradbury
As more and more EV-battery manufacturing facilities begin to operate in the United States, it's important that those who build the facilities know how to fire-proof them.