/ ABOUT THE CLAIM: / A surety called Guardian Group, Inc. for support on a bond claim investigation. An electrician had filed for Chapter 7 bankruptcy protection… but this was no ordinary electrician, and this was certainly no run-of-the-mill job. The surety’s principal, the electrical subcontractor, had been given a $12MM bond to guaranty his company’s performance on a major...
/ ABOUT THE CLAIM With a dramatic increase in infrastructure projects around the corner, it seems fitting to discuss one such project from Guardian Group, Inc.’s archives. Civil projects like highways, bridges, and tunnels always represent unique challenges, and Guardian has established an enviable track record overcoming those difficulties throughout the decades. On this specific claim, a train tunnel was...
/ ABOUT THE CLAIM Quite often, the worlds of surety and construction defects intersect. Such was the case on a claim a surety client reminded us of recently. It was a shared war story, if you will, and nothing bonds surety bond folks quite like being ‘in the trenches” together. In this case, the general contractor for a three-story parking...