Surety Insights
Understanding surety
Surety bonds play an important role in construction and many other industries, helping ensure projects are completed as promised, and financial obligations are met. Whether you’re a broker, contractor, developer, or project owner, understanding how surety works can help you manage risk and make more informed decisions.
Explore these articles for practical insights into surety bonds, construction risk management, and how to choose the right surety provider.
Surety Insights
What Is a Surety Bond?
Discover the three most common types of surety bonds for your business.
Surety Insights
Preparing Your Construction Site for Severe Weather
Severe weather damage can add both cost and time to a construction project. Learn how to help protect your construction site from severe weather.
Surety Insights
5 Things to Look For in a Commercial Contract Surety Provider
Here are important differentiators to consider that may help you choose the right bond carrier for your needs.
Surety Insights
Construction Risk Management
Construction defects can be extremely costly. Help prevent unnecessary construction defect costs with construction risk management tips.
Surety Insights
What Types of Businesses Need a Commercial Contract Bond?
Types of businesses that may need a commercial contract bond include manufacturers, service businesses and IT companies.
Surety Insights
Find the Right Construction Surety Provider — Look for These 4 Value-Add Services
It is important to evaluate the resources and tools a construction surety provider offers beyond the traditional surety to make the most of your investment. Learn more about value-added services to look for.
Surety Insights
4 Reasons Contractors Fail and How to Mitigate Risk with the Right Planning
To determine the most common reasons contractors fail during periods of economic uncertainty, Travelers Construction Surety conducted an analysis of construction customer losses over time. Explore our findings on why construction projects fail.
Surety Insights
Do You Have a Contractual Risk Transfer Program?
A contractual risk transfer (CRT) program can help protect contractors when working with third party services or products.
Related products
Commercial surety
Support your business with a surety program tailored to your unique needs. We provide practical bonding solutions for businesses operating outside of construction.
Contract surety
Our contract surety team ensures that decisions are made locally, based on an understanding of the distinct economic and construction environments inherent in each of the regions that we serve.
Developer surety
We are a recognized leader in developer surety, offering products and related services for new homes, builders and developers across Canada.
Project loss insurance
Construction projects involve a large amount of risk, even for the very best contractors. A sizeable loss on a project can lead to financial distress. PLI can help contractors recover from this loss.