/ ABOUT THE CLAIM / When the principal on one of Guardian and YA Group’s longstanding surety clients’ bonds began to fall behind schedule, the surety knew it was time to call in the surety experts. The principal was the framer on a 300-unit mid-rise apartment building in our nation’s Northeast. Delays at this phase of construction would obviously impact...

/ ABOUT THE CLAIM A prominent surety reached out with an unfortunate situation on its hands. Their principal had fallen way behind on a bonded project: the complete upgrade and installation of a school-wide fire suppression system. The surety’s claims department sensed an imminent termination by the obligee and subsequent bankruptcy declaration by their principal. ABOUT THE INVESTIGATION Upon immediately...

ABOUT THE CLAIM Recently, the Guardian & YA Surety Group was called in to consult on multi-phased 300+ lot subdivision bond claim. Subdivision bond claims represent unique challenges to the surety. In addition to their high claim costs exerting a significant impact on a surety’s bottom-line, the relet and completion work itself can be complicated by the number of jobs/contractors/specialists...