/ ABOUT THE CLAIM / While defaults of busy specialized subcontractors can often lead to simultaneous claims, when a major general contractor goes under (think billions of dollars in revenue, not mere millions), both the number of surety claims and the financial size thereof multiply proportionately. Such was the case when this global contractor’s hearty appetite for growth got the...

/ 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...

With extensive school and civic structure experience, Guardian Group, Inc. often fields requests from the nation's surety companies and their counsel for claims investigation and complex takeovers. In this case, in conjunction with a $60 million school renovation taking place in the Midwest, and electrical contractor had been awarded a contract worth approximately $6 million. When Guardian's Surety Group received...