Surety

Team of contractors wearing safety equipment and shaking hands near job site

3 reasons why your business may need a contract surety bond

March 29, 2022 UFG Insurance Business Surety Read Time: 4 min

Publicly funded projects require surety bonds by law, but there are other reasons why your business may need one. Check out our top three reasons for a contract surety bond.

The difference between bid bonds and payment bonds

October 19, 2021 UFG Insurance Surety Read Time: 5 min

From whom they protect, to bond claims and general cost, there’s a difference between bid bonds and payment bonds. Here’s what you need to know.

Crane moving walls at pre-fab construction facility

One construction method that’s growing amid the pandemic

July 10, 2020 UFG Insurance Surety Read Time: 5 min

What’s going to happen with construction in the pandemic? One method of construction was seeing significant growth before—and now during—the first half of 2020.