Continuing our series on how the COVID-19 crisis is affecting certain bond types, Suretypedia examines how Utility Deposit bond form language and grace periods granted by utilities may increase Surety carrier liability.

Surety executives, underwriters and claims handlers are suddenly confronted with a whole new environment to navigate. In the first of a series drilling into how the COVID-19 crisis is affecting certain bond types, Suretypedia examines the emerging risks facing Contractor bonds.

Despite the CA and NY “Stay-at-Home” Orders, Essential Businesses, including construction, can continue work outside the home. We believe the Orders have sown considerable confusion in the public over what type of work is permitted with substantial impact to the surety business...

Many regulations exist in the construction industry, most designed to protect contractors, businesses, and the vendors and suppliers used to complete projects.