Surety Bonds: How They Work and Why They Are Important

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In the construction industry, surety bonds are required. Surety bonds in Florida protect project owners on their investment.  Before beginning on a project, project owners will usually require a contractor to secure a surety bond. The surety bond guarantees that the contractor will fulfill their obligations according to their contract, and if not, the project owner will be reimbursed for their losses. Continue reading Surety Bonds: How They Work and Why They Are Important