McFarlin Insurance Agency Blog: performance bond
View the latest blog posts from McFarlin Insurance Agency.
Friday, November 14, 2014As a contractor, you know that a multitude of potential issues can prevent you from finishing a job as planned. And though you always try to perform in a professional manner, there are some circumstances that cannot be avoided. If this occurs, the project owner can take legal action to recover their losses. READ MORE >>
Monday, July 1, 2013A surety bond is a legal, three-way contract where an investor (surety) agrees to pay an obligee a specified monetary amount in case the principal (obligor) fails to satisfy their contractual obligations. In today’s increasingly competitive market, construction bonds protect the interested parties from the various risks involved in daily business operations. READ MORE >>
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