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Contractor License Bonds - Claims Process


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Old 03-10-2008, 10:44 PM
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Default Claims Process

What is the claims process? How is it initiated? Is it investigated? As the principal, what is my role?
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Old 03-11-2008, 11:08 AM
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Default Contractor License Bond

Quote:
Originally Posted by Mother Bond
What is the claims process? How is it initiated? Is it investigated? As the principal, what is my role?

Your customers would initiate a claim directly with the Surety company. Yes - it is investigated. Your role is to respond to the claim allegations to help Surety determine whether or not it's a valid claim.
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