Why Should a General Contractor Be Concerned with The Surety’s Ability to Handle Claims?

As a general contractor, understanding the importance of a surety’s claims department is crucial for the success of your construction projects. A competent claims department helps manage risks and protect your financial interests by effectively handling, investigating, and resolving claims related to contract disputes or failures, including frivolous claims. Their expertise in assessing claim validity, offering timely communication, and facilitating dispute resolution ensures the continuity of your projects and minimizes potential losses. Partnering with a surety company with a strong claims department provides you with the confidence and support needed to navigate the complexities of the construction industry and maintain your reputation for delivering high-quality projects on time and within budget.  Having a surety agent that has industry knowledge and relationships can help identify and evaluate surety companies that are well-prepared to handle claims efficiently. Parrot Surety Services provides specialized surety expertise and bond program management for contractors of all sizes. We also specialize in complex risks and bonding situations such as high hazard industries, new and emerging contractors, and structured arrangements.   If you have any questions on how claims are handled or would like a surety professional to help manage and advise your bond program, contact any surety specialist of the Parrot Surety team today!

As a general contractor, understanding the importance of a surety’s claims department is crucial for the success of your construction projects. A competent claims department helps manage risks and protect your financial interests by effectively handling, investigating, and resolving claims related to contract disputes or failures, including frivolous claims. Their expertise in assessing claim validity, offering timely communication, and facilitating dispute resolution ensures the continuity of your projects and minimizes potential losses. Partnering with a surety company with a strong claims department provides you with the confidence and support needed to navigate the complexities of the construction industry and maintain your reputation for delivering high-quality projects on time and within budget.  Having a surety agent that has industry knowledge and relationships can help identify and evaluate surety companies that are well-prepared to handle claims efficiently. Parrot Surety Services provides specialized surety expertise and bond program management for contractors of all sizes. We also specialize in complex risks and bonding situations such as high hazard industries, new and emerging contractors, and structured arrangements.   If you have any questions on how claims are handled or would like a surety professional to help manage and advise your bond program, contact any surety specialist of the Parrot Surety team today!