Most good businesses out there advertise themselves as being “bonded and insured,” which can seem confusing, as most people think that bonds and insurance are the same things. Isn’t that phrase, then, redundant? The truth is that no, it’s not precisely redundant; there are certain important ...
Category: Bonds
Contractor Surety Bonds Explained
Contractors are frequently required to obtain surety bonding before they can be eligible to participate in a project. This requirement stems from the U.S. Miller Act, which set a precedent that publicly funded projects valued at $100,000 or more must be secured by performance and payment bonds. Thes...
National Surety Service Bonds Blog
Welcome to the National Surety Services Blog! Here you will find a broad variety of informative, fun and entertaining articles about all aspects of the bonding industry. No matter what size company you are a part of, it can be tough to remain competitive in the field. The more education you have, th...