Скачать или смотреть Developer Bonds are Not Insurance

Developer bonds are not insurance because they function more like credit products that require the builder or developer to sign an indemnity agreement with the Surety bond company. If a claim is made, the bond company can seek reimbursement from the developer, unlike insurance where the insurer absorbs the loss. This means the developer remains financially responsible for any losses, reinforcing that these bonds serve as financial guarantees rather than protective insurance policies.

To learn more about surety bonds, please visit https://axcess-surety.com/.
#surety #construction #constructionbonds #suretybond #performancebond #bidbond #insurance