Alliance Insurance Group Blog: bonds
View the latest blog posts from Alliance Insurance Group.
Tuesday, May 15, 2018
It is no wonder that the underwriters for the surety companies are so stringent about the bonding programs that they allow for contractors.
Now here is the main reason why we have bonding; It helps to satisfy the greatest concern of a project owner, whether a contractor will fulfill his pr... READ MORE >>
Tuesday, October 10, 2017Understanding the basic principles of how insurance works are key to understanding how and why bonds work the way they do. Standard insurance premiums are typically evaluated by looking at large exposures of differing risk levels and finding which exposure is more characteristic of your business. READ MORE >>
Tuesday, October 3, 2017In contract bonding (mainly construction bonds) the most common term used for a broker or producer is an “agent” or “bonding agent.” When it comes to developing a bonding program for your company, the bonding agent that you choose is one of the most key decisions you will make. READ MORE >>
Monday, September 11, 2017 By definition, a bond is a thing used to tie something or to fasten things together or an agreement with legal force, in particular. When applied to the insurance surety world, a bond binds one entity or person to another entity or person with financial consequences as well as a third party, the insurance company. READ MORE >>