Read the latest news regarding Commercial, License, Permit, Contract, Court and Fidelity Surety Bonds, and how upcoming changes will affect your business. Check out our glossary page for more information on Surety Bond terminology.
Key Takeaways A contractor’s bond isn’t one price model, since license bonds carry a flat annual premium while performance and payment bonds price off the total contract value. License bond amounts vary significantly by state and even by city or county, so it pays to confirm requirements in every jurisdiction where you work. Performance and … Continue reading “A Straightforward Guide to Contractor Bonds: What They Cover and How Much They Cost”
Read MoreA home improvement license is often a separate, distinct requirement from a general contractor license, even in states where you already hold one. Licensing requirements vary by state and often by city or county on top of that, so the same type of project can trigger different rules depending on where it’s performed. A surety … Continue reading “Home Improvement Licenses and Bonding: What Contractors Need to Know”
Read MoreKey Takeaways A data center construction bond is a performance, payment, or bid bond that guarantees a contractor completes a data center project and pays its subcontractors. Prequalification for hyperscale subcontractors now commonly starts at $10 million or more in bonding capacity per project. Sureties are underwriting data center work more strictly, weighing financial documentation, … Continue reading “Data Center Construction Bonds: How AI Infrastructure Is Changing Requirements”
Read MoreKey Takeaways A good surety bond partner is properly licensed, works with multiple A-rated carriers, and treats hard-to-place risk as a problem to solve rather than a reason to decline. A broker who works with both direct clients and referring agents should be able to explain clearly how they keep those relationships separate, so ask … Continue reading “Surety Bond Brokers and Programs: 6 Tips to Find the Right Partner”
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