Subcontractor default insurance (SDI) transfers subcontractor default risk to an insurance carrier, ensuring that the policyholder is reimbursed and enabling the work to be completed. Unlike ...

Discover maintenance bonds, including how they work to protect property owners and contractors by covering risks of defects ...

Placing concrete requires specialized skills and equipment. The licensing requirements for concrete contractors vary from state to state. In some states, concrete contractors need a specific license ...

SACRAMENTO, Calif., July 19, 2023 /PRNewswire/ -- Jet Insurance Company ("Jet") is entering the market for contractor bonds in California, marking the first time in recent history that contractors ...

Contractor insurance with general liability coverage will cost, on average, $142 per month. Rates can be affected by multiple factors, such as the type of coverage a contractor purchases, the number ...

Three local government agencies have banded together to create a new program to help small and diverse contractors in bidding and obtaining work on infrastructure development and other publicly funded ...

An invisible shift is happening in the insurance sector as business owners, like contractors, are moving away from generalist agencies for firms dealing in niche areas. The need for specialized ...

Norfolk Southern is suing Federal Insurance Company, accusing the surety of refusing to act on a performance and payment bond.

BOSS Bonds Insurance Agency, a subsidiary of General Indemnity Group (GIG), announced today it has partnered with Kingdom Bonding of Fairfax, VA to deploy BOSS Bonds’ industry-leading ...