Commercial Coverage, Inc. Blog: surety

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Friday, May 13, 2022

What is a Surety Bond?

A surety bond is a way to make sure that a contract is completed in the event of contractor default and is a way for contractors and project owners to protect themselves. When a project owner, known as an obligee, seeks out a contractor, known as a principal, to fulfill a contract, it is up to the contractor to purchase a surety bond. READ MORE >>

Tuesday, December 7, 2021

Are Surety Bonds Insurance?

When putting together your business’s risk management portfolio, you will naturally need to include commercial insurance as part of your strategy. However, another critical piece of financial protection that you might need is a commercial bond. READ MORE >>

Thursday, July 8, 2021

3 Surety Bonds to Consider

Do you know what a surety bond is? If you’re a contractor, it’s important that you understand the importance of this valuable coverage. Even the most professional contractors can have situations arise in which they cannot finish a job as promised. READ MORE >>

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