IBAO: Introduction to Surety

An introduction to the need for guarantee insurance and how it’s expected to perform and be underwritten. Learn what caused the need for surety to arise, how brokers need to examine potential clients for this unique type of protection and the various forms and clauses required. OBJECTIVES *Learn the history of surety; compare insurance and […]

February 27, 2017 | Last updated on September 10, 2024
1 min read

An introduction to the need for guarantee insurance and how it’s expected to perform and be underwritten. Learn what caused the need for surety to arise, how brokers need to examine potential clients for this unique type of protection and the various forms and clauses required.

OBJECTIVES

*Learn the history of surety; compare insurance and surety
*Understand why insurance companies make good sureties
*Review the relationship between surety and construction
*Discuss additional needs for surety coverage

Accreditation: 2 Technical Hours

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