/ 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 Accidents happen. Mistakes happen. When you’ve been in the surety business as long as Guardian Group (over 30 years), you know nobody working construction gets it right 100% of the time, not contractors and not obligees, either. But sometimes, no matter how much we may know about life’s imperfections, it’s difficult not to laugh when...

A 7MM bid spread prompted one of Guardian Group, Inc.'s largest surety clients to call upon our in-house experts. The surety understandably wanted to write a $19MM bond for their long-term contractor-customer, but the company and its underwriters were concerned that this contractor's bid was simply too low for the tasks at hand. ABOUT THE PROJECT The $50MM+ construction project...