As a contractor, you are exposed to a large number of risks, and the best way of getting protection from these risks is with contractor general liability insurance. While buying the insurance policy, you will need to select the right kind of coverage to limit the financial risks that might arise due to accidents, […]
What is a Contractor Surety Bond?
Putting up a structure is usually a very expensive project to undertake. It’s for this reason, that as an investor, you have to seek protection against any loss when undertaking such a project. A contractor surety bond, therefore, is a type of construction bond that you use as a project owner to protect yourself against […]
Why Your Construction Company Needs a Performance Bond
A performance bond is a type of contractor bond. Contractor bonds (also known as construction or surety bonds) are bonds which must be paid by the contractor to a project’s investors before starting on a project. They are meant to reassure the project owners that the contractors can complete the project within the deadline and […]