Lancette Agency LLC Blog: surety bonds
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Tuesday, November 7, 2017 Carrying a surety bond is an important component of contractual agreements. If you experience a bond claim, you have a financial obligation to the affected party. This means you may owe money to one of the other actors in the bond agreement. So, you must make sure you have the assets to repay the bonds. READ MORE >>
Thursday, February 5, 2015There are a variety of surety bonds that a contractor must obtain when involved with a construction project, from bidding to project completion. While multiple contractors invest time and money into developing a proposal and purchasing the required bid bond, only one will be awarded the contract, after which, a contract bond must be purchased before work begins. READ MORE >>