Insurance Institute of Ontario- Construction Surety Bonds

This seminar purpose is to provide an overview of how surety and insurance differ, summarize the development and functions of surety, illustrate the importance of surety to the construction industry, and introduce the surety underwriting process

By the end of this seminar attendees will:

• Define and explain “surety”
• Recognize the differences between surety and insurance
• Identify the parties to a surety bond and their roles
• Name and describe three different categories of surety bond
• Explain the importance of surety to the construction industry
• Identify examples of four bond agreements used in the construction industry
• Outline the information required to underwrite surety accounts

Seminar Leader: Melanie Needham, FCIP, CRM
President, MRD Consulting

CE Hours: 2 Technical Hours