Indemnitors’ Obligations: If the Surety Suffers a Loss, You’re On the Hook

57e4d046435bad14f6da8c7dda79367f1336d8e05b596c48702a73d59649c45dbd 640

Surety bonds guarantee capital, of course; but they also bring with them the expertise of the surety and reputational benefits to the contractors and construction projects that use them. But contractors who benefit from surety bonds should keep in mind they are subject to indemnity agreements that will bite […]