When undertaking construction, alteration, or repair work on leased property in Nevada, tenants (lessees), property owners, and contractors must adhere to specific statutory requirements outlined in NRS 108.2403. This statute establishes the procedures for posting...

Concord Specialty Insurance Company is an A- rated surplus lines company that is focused on providing fronting capacity to small and midsize programs. Our scope covers nearly every P&C line, except workers comp, and extends across all states except California,...

Miami, a city known for its vibrant culture and stunning landscapes, places immense value on its green canopy. To safeguard this natural treasure during construction, the Miami City Code (17-4(c)(5)) requires a Tree Protection Bond. This bond serves as a guarantee...

In the construction industry, the success of any project is heavily reliant on the stability and viability of its financing. For contractors and sub-contractors, understanding how to verify project financing is an essential step in mitigating financial risks and...

In our last post, we talked about the various types of surety bonds that exist. Now that you know the types of surety bonds, we are going to discuss onerous provisions that may be present in certain bond forms. As an underwriter and an agent, it is important to review...

Surety bonds play a critical role in various industries, serving as a form of protection for both parties involved in a contractual agreement. These bonds provide assurance and financial security, ensuring that the terms of a contract are fulfilled as agreed upon....