What happens if a claim is made against my bond?

The surety investigates the claim; if valid, they pay the obligee and seek reimbursement from your business for the amount paid.

If a claim is made against your bond, the surety investigates the claim. If valid, the surety pays the obligee, but you are responsible for reimbursing the surety for the paid amount.

An IT services provider enhances their credibility by obtaining a fidelity bond, reassuring clients of their integrity and reliability.

Consider purchasing a maintenance bond for construction projects to protect against post-completion defects.