Legal and Regulatory
England’s Carillion Collapse Forces a New Global Surety Standard
In many countries, only 5-10% of contract value is covered in event of loss or default. In the U.S., surety bonds prevent disaster from happening in the first place but if a loss occurs, cover 100% of contract value.
By Steven Raffuel
April 2, 2019
Topics
Legal and Regulatory
by Steven Raffuel
Steve Raffuel is also founder and President of The Surety Alliance, an international consortium of surety specialty brokers managing the needs of national and international contractors. He has worked in the surety industry for the past 40 years.
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