The infographic titled “A Few Types of Commercial Surety Bonds” details various types of commercial surety bonds. Commercial surety bonds are required to satisfy or guarantee governmental legislation, fiduciary obligations, and private contractual responsibilities of the applicant or the principal under the bond. Continue reading Infographic : An Insight into Different Types of Commercial Surety Bonds
The infographic “Learn All About Construction Bond Claims” describes the important details about construction bond claim, like the definition, what a claim includes, and the things related to sending a construction bond notice. A construction bond claim is used to claim payment on a state, county, or municipal construction project. It is important to know that the lien rights do not apply to state-owned property, as the state government won’t permit anyone to foreclose on its land. Continue reading Infographic : Things You Must Know About Construction Bond Claims
An agreement between three parties – a principal, an obligee, and a surety – surety bonds usually protect consumers from fraud, abuse, and penalties. Continue reading Top 3 Widely In Demand Surety Bonds in Florida
In the construction industry, most development projects, especially government projects, require surety bonds for companies even for preliminary bids. In today’s competitive construction market, acquiring construction surety bonds can help an organization get ahead of competition. Continue reading How Important Are Construction Bonds?
The different types of bonds categorized under commercial surety bonds include: Continue reading A Guide to Different Types of Commercial Surety Bonds