Placing concrete requires specialized skills and equipment. The licensing requirements for concrete contractors vary from state to state. In some states, concrete contractors need a specific license ...

Surety bonds are a means for independent contractors and small businesses to guarantee their performance under a contract. Surety bonds financially compensate the client if the contractor does not ...

Surety bonds assure project owners that a contractor can complete a project according to contract specifications. Requiring a surety bond on a project helps prequalify contracting firms based on their ...

With construction teams navigating the effects of the COVID-19 pandemic and the world’s material supply chains, securing project performance has perhaps never been at such a premium. If a contractor ...

From bridge construction to janitorial services, most government agencies and many businesses require the businesses contracted to work on such projects to obtain surety bonds. A surety bond gives the ...

In the heating and plumbing industry, licensed professionals are often required to post a surety bond. This state or local requirement ensures that customers working with heating and plumbing ...

Subcontractor default insurance (SDI) transfers subcontractor default risk to an insurance carrier, ensuring that the ...

Over the last 10 years, Ocean Construction in Marmora has worked on more than 100 federal construction jobs. Its specialty is National Historic Landmarks — things like roofing at Washington’s ...

Surety capacity was increasing at the start of 2012, says Marsh Inc., the big brokerage. Driven by new and expanded surety underwriting firms, new underwriting approaches and increased limits from ...

California Contractor Bond & Insurance Services, a surety and insurance service provider based in San Diego, CA, is now offering reduced license bond rates for contractors with bad credit. As an ...

Bond renewals beginning March 1, 2026 require contractors to maintain an active surety bond to stay compliant with New ...