ABOUT THE CLAIM: . Recently, Guardian Group’s Surety Group was called in by a longtime client on an unusual claim. Although, that said, is there really such a thing as a “usual” claim in the worlds of surety and construction defects? No, not really. Every situation is different and must be assessed objectively, with the benefit of experience, of course,...

ABOUT THE CLAIM: Not too long ago, one of Guardian’s longstanding surety clients called us regarding one of their bonded contractors, an extremely skilled electrician who had requested bridge financing and for whom they were concerned had overextended his company. Of the company’s 14 bonded projects, one of the largest was a 35,000 s/f facility that utilized a state-of-the-art smart...

    Recently, one of Guardian Group, Inc.'s long standing surety clients called on our experts for support with a claim. On this particular claim, involving the construction of a large community pool facility, the principal hadn't completed various punch list items, and as a result the obligee was holding over $100,000 in retention and final payment. Improper installation of the...