/ ABOUT THE CLAIM Recently, Guardian Group, Inc.’s Surety Group was asked to consult on a claim on behalf of one of the industry’s largest and most respected sureties. Two concrete projects undertaken by a skilled contractor and located in neighboring Southwest states necessitated Guardian’s involvement. The surety’s contractor-principal was experiencing cash flow problems. In order to mitigate its...
. ABOUT THE CLAIM The insured reported that during a thunderstorm an employee at his small (8,000 square foot) commercial facility claimed to have heard a cracking noise which precipitated he and his fellow workers to hurry to the exit of the building. The roof collapsed, and the failure was captured on video. The policyholder claimed that a lightning...
/ ABOUT THE CLAIM A massive (700,000 sf) refrigerated port terminal on our nation’s East Coast serves the area’s wholesale and retail needs for fresh produce. On this surety bond claim the bonded principal, along with the installer and distributor, was responsible for the insulated wall panels. These specialized panels are intended to keep the produce at 50°F in most...