If surety bonds confuse you, you’re not alone. There are many different types of surety bonds, and different reasons people might make a claim against them.
So what do you do if someone makes a claim against your bond? Read on for more information on the claims process, and discover how a claim could impact your business.
When a Claim Is Filed Against Your Contractor License Bond…
One type of surety bond is required by law in most states: a contractor license bond.
A contractor license bond, like other surety bonds, is like ...