Home / News / Explaining the Value of Surety Bonding
New resources make it easier for the surety professional to tell the benefits of bonding.
A SIGNIFICANT SLICE of the $25 trillion (gross domestic product) U.S. economy is in the construction business, where building new and renovated property creates both business opportunity and financial risk. Contract surety makes all that construction activity possible. What we in the surety business do every day protects investors, lenders, project owners, and taxpayers. Yet, let’s face it, surety friends: it’s hard to explain what we do to friends, family, and even our peers in the insurance world. Part of the reason is that it’s complicated. Where to start? The tripartite relationship? The Heard Act? Pearlman v. Reliance?
