I second that - nicely put.
Expecially where CLWord77 notes that: "Insurance companies write their policies with loss expectation. Sureties do not." If the surety underwriter has done their job correctly, there would never be a claim against their bonding accounts.
Pooreboy: Can you give us some detail regarding the circumstances surrounding the bond claim? What kind of job were you doing and what happened? There are many different possible responses to your question, but it all comes down to the What and Why of that previous history.
Expecially where CLWord77 notes that: "Insurance companies write their policies with loss expectation. Sureties do not." If the surety underwriter has done their job correctly, there would never be a claim against their bonding accounts.
Pooreboy: Can you give us some detail regarding the circumstances surrounding the bond claim? What kind of job were you doing and what happened? There are many different possible responses to your question, but it all comes down to the What and Why of that previous history.
