Contract Surety Fundamentals

Overview

This course offers a comprehensive overview of contract surety, highlighting its differences from other insurance types. It covers legal requirements, underwriting processes, participant roles, and risks. You’ll learn about the necessary financial information, why it’s needed, and how to use it. The course also introduces key factors for success, including bond management, proven management principles, and professional ethical standards.

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Learning Objectives

  • identify what sureties look for in a contractor
  • explain miscellaneous bonds
  • describe construction procurement and the roles involved
  • analyze bond claims
  • explore other services provided by sureties
  • address special concerns of sureties
  • debunk popular misconceptions about surety
  • recognize the role of the professional surety bond producer





Course Information

Adding additional credit may change exam requirements.