Surety Bonds
What Happens If a Bond Claim Is Filed Against Me?
The surety investigates the claim. If valid, they pay the obligee and then pursue full reimbursement from you under the indemnity agreement. A paid claim has serious financial and licensing consequences.
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What happens when a surety bond claim is filed against a contractor?
Immediately: notify your surety agent, gather all project documentation, and engage a construction attorney to help with your defense. The surety will contact you for information — cooperate fully.
During investigation: the surety reviews your position and the claimant’s position independently. Many claims are disputed or reduced. Your documentation and legal response matter significantly.
If the claim is paid: the surety demands full reimbursement from you. They may also report the claim to industry databases, affecting your future bonding. The licensing board may investigate separately and take action on your license.
Need a surety bond fast?
Trade Safe helps contractors get bonded same-day in most cases. We work with multiple surety markets to find the best rate for your situation.