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/ ABOUT THE CLAIM Recently, Guardian was asked to consult on a surety bond claim at a commercial facility in the Midwest. The bonded principal was an electrical contractor who had been awarded the $6 MM project due to his company’s specialized experience. When the obligee observed that progress was lagging, the surety was notified. In turn, the surety reached...
/ ABOUT THE SITUATION SURETY COMPANIES FACE: / While we typically highlight one unique, topical, or otherwise interesting surety claim in this space, it is important to note that not every claim is exceptional. Many more are routine, but these claims too must be handled in a timely, reliable manner. In this “case study” we will discuss not a single...
ABOUT THE CLAIM Not too long ago, Guardian’s Surety Group was called upon by one of its longstanding clients to investigate a bridge-related bond claim in the Midwest. The obligee on the bond, the state where the bridge stood, made a claim on the bond as soon as they noticed a work stoppage on the part of the bonded principal,...
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