Risk

Bonded and Insured: Are Both Needed? What's the Difference? Why Does It Matter?

Surety bonds and insurance are forms of risk management meant to protect against financial loss. But what they cover and how claims are handled differ.
By Mary Bacon
July 9, 2020
Topics
Risk
by Mary Bacon
Mary Bacon is a lawyer at Spencer Fane, LLP focusing on construction law. 

Related stories

Risk
Your Crisis Communication Guide: Anticipating Construction Plans to Hit Unexpected Obstacles Cover Art

Your Crisis Communication Guide: Anticipating Construction Plans to Hit Unexpected Obstacles

By Anne Lackey
The time for crisis planning is during quiet moments when clear thinking can help build a framework for handling whatever challenges arise.
Risk
Builder’s Risk: Three Blind Spots Impacting Your Project’s Success Cover Art

Builder’s Risk: Three Blind Spots Impacting Your Project’s Success

By Dennis Tsonis
While construction insurance is costly, underinsuring may prove more so in the long run.
Risk
Three Common Causes of Electrocution on Construction Sites and How to Avoid Them Cover Art

Three Common Causes of Electrocution on Construction Sites and How to Avoid Them

By Randy Dombrowski
Electricity is an unavoidable presence on every construction site—but electrocution doesn’t have to be. Here’s how to keep crews safe.

Follow us




Subscribe to Our Newsletter

Stay in the know with the latest industry news, technology and our weekly features. Get early access to any CE events and webinars.