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Bond Claim

Surety Bond Lesson: Properly Identify the Parties

Surety bonds offer security to owners, contractors, subcontractors, and others for performance of work and payment therefor.  Both payment and performance bonds provide a sense of comfort to parties that rely on bonded parties.  But before relying on surety bonds, parties should make sure the terms of the bond match reality.

 A recent Georgia case illustrates the importance of checking the terms of surety bonds to ensure they identify and correctly name the parties, especially the bonded principal.Read More »Surety Bond Lesson: Properly Identify the Parties