Monthly Archives: March 2016

What Do Surety’s Review When They Decide Whether They Will Bond My Company?

On behalf of Kaplin Stewart Meloff Reiter & Stein, P.C. posted in General on Mar 28, 2016.

In a prior post, I mentioned that the process of obtaining a surety bond is often used as method to determine whether a contractor has the working capital to perform the work under the contract. This “benefit” has a direct correlation to the information a surety company reviews before it will agree to bond a company.

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Did You Know?

On behalf of Kaplin Stewart Meloff Reiter & Stein, P.C. posted in General on Mar 23, 2016.

Zurich North America is among the largest surety companies in the construction business. The company is best known for its ability to bond very large projects, including the work to expand the Panama Canal as dramatized in a widely run 2012 television commercial. The company has been around for over 125 years; and, as a result, it has also been involved in other famous projects like the Hoover Dam and the Chesapeake Bay Bridge Tunnel.

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What’s the difference between a bond and insurance?

On behalf of Kaplin Stewart Meloff Reiter & Stein, P.C. posted in General on Mar 21, 2016.

As we kick off our construction surety law blog, let’s start with some basics. Among the most important things to understand about bonds is that they are not insurance. Many owners and contractors consider them to be the same things and often confuse the two when it is time to make a claim. Surety bonds and insurance policies are, however, not the same things.

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