Archives for December 2015

A Surety Bond is NOT Insurance

By:     Craig F. Martin of Lamson, Dugan & Murray, LLP There are fundamental differences between insurance and surety bonds and knowing the difference will help you avoid making mistakes, should claims arise.   This blog will discuss the differences between insurance and surety bonds. Insurance An insurance policy is a two party contract between an insurer and the insured.   The policy is intended to protect the insured.   The cost of insurance is calculated by the insurer based on … [Read more...]