IBAO Webinar: Introduction to Surety Bonds

Surety is an essential yet often misunderstood aspect of the insurance world. In this interactive session, we’ll start with the fundamentals—how surety works, the roles of each party involved in a bond, and the application of indemnity. Then, we’ll dive deeper into the world of Surety to explore both Construction Bonds and Commercial Bonds.

This comprehensive session will equip you with the knowledge and confidence to navigate surety across various contexts.

Objectives: 

Following this webinar, participants will be able to:

• Define and explain “surety”
• Identify the differences between surety and insurance
• Identify the parties to a surety bond and describe their roles
• Name and describe three different categories of surety bonds
• Explain the importance of surety to the construction industry

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