A surety bond is a three-party contract between a principal, obligee and a surety. Surety bonds also are regulated by state insurance departments. The principal has an obligation to the obligee to ...

It is in this context that surety bonds have begun to attract attention—not as a financial innovation, but as a structural rethinking of how project risk is allocated.

There are two types of bonds that an estimator must understand. First, there is a bid bond also called a bid security or bid guaranty. Second, there is a performance bond. Let’s take a look at the ...

Small business owners that want insurance for mistakes, accidents or work stoppage problems that can occur during the course of operations have a variety of types of coverage to consider. Surety bonds ...

Is Your Entity in Compliance? Most durable medical equipment, prosthetics, orthotics and supplies (DMEPOS) suppliers must maintain a $50,000 surety bond for each location it has enrolled in Medicare, ...