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General Contractors Liability Insurance Blog


What is a Bid Bond?

What is a Bid Bond?

What is a Bid Bond? Welcome to part 1 of our 2 part educational series on Bid Bonds Bid bonds are not an insurance policy, they are a written guaranty from a third party guarantor like a surety company or insurer. A guaranty is submitted to a project owner by a...
Video: Bonds and the Importance of Credit Score

Video: Bonds and the Importance of Credit Score

 What can I do if my credit score is below 700? Welcome to part 2 of our 2 part educational series on Bid Bonds. In situations where the personal credit is not very good, a credit report should be obtained particularly when obtaining a bid bond. This report should be...
Ten Things to Know About Surety Bonds

Ten Things to Know About Surety Bonds

Managing the risks on your construction projects and choosing the best option to make sure that your project gets done on time, is very important to running a successful business. When this is not being taken seriously,  especially when dealing with a contractor or a...

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