Verify that the surety company issuing a bond is validly licensed in the state of the project by consulting that state’s insurance department via phone call or website. NAIC maintains a map of States and Jurisdictions that provides contact information for each jurisdiction’s insurance department. Such insurance departments can verify if a particular surety is currently licensed in its jurisdiction and is in compliance with applicable laws.
	Topic
	
	Risk Management & Insurance
	
	Publish Date
	
	November 20, 2024
	
	Audience
	
	Agents, Architects, Attorneys, Bankers, CPAs, Contractors, Owners, Sureties
	
	Resource Type
	
	Website
	 
				 
					
Waivers of Consequential Damages