Making A Claim
Surety bonds are an essential component of any prudent construction risk management strategy. Surety bonds provide critical protection to construction purchasers and investors against the perils of contractor default.
Upon receipt of a claim made under the bond, the surety will commence an investigation in order to ascertain the validity of the claim. In other words the surety will attempt to determine if both the obligee and principal have met their respective obligations under both the contract and bond.