Ontario construction bonds remain an important part of public and private construction risk management. This guide explains where they still apply, how they differ from insurance, and what brokers should review before presenting a file.
Ontario construction bonds remain an important part of public and private construction risk management. This guide explains where they still apply, how they differ from insurance, and what brokers should review before presenting a file.
BONDS
MARCH 24 2023
Construction projects involve significant risks, including financial risks, safety risks, and legal risks. To mitigate these risks, parties involved in construction projects commonly use surety bonds.
Surety bonds are legal agreements that provide financial protection to the parties involved, including project owners, contractors, and suppliers. In this article, you will learn more about the importance of surety bonds in construction projects, the types of surety bonds commonly used, and how they work.
Don't let common mistakes cost you time, money, and reputation. Download our FREE eBook, “The Top 10 Surety Bonding Mistakes to Avoid in 2026”, and navigate the process with confidence and ease.
