Articles about contractor bonds, contract insurance requirements, additional insureds, hold harmless agreements, certificates of insurance, and risk transfer.
Commercial Surety Bonds | North Carolina Contractors How to Increase Bonding Capacity for a Growing North Carolina Contractor Winning larger bonded projects usually requires more than asking your surety for a higher limit. Bonding capacity grows when the contractor’s financial strength, working capital, backlog, profitability, reporting, experience, and banking relationships support the next level of…
North Carolina Contractor Bonds Subdivision and Site Improvement Bonds in North Carolina A subdivision or site improvement bond can help a developer move a project forward before every road, sidewalk, utility, drainage system, or public improvement is finished. The bond gives the municipality financial protection while the developer completes the required work. By Stephen Ellias,…
North Carolina Contractor Bonds How Much Does a Contractor Bond Cost in North Carolina? The bond amount is not what you pay. Your actual cost depends on the type of bond, the project or obligation, your financial profile, and how the surety views the risk. By Stephen Ellias, CLCS Updated July 21, 2026 North Carolina…
North Carolina Contractor Bonds Performance Bond vs Payment Bond: What Is the Difference for North Carolina Contractors? Performance bonds and payment bonds are often issued together, but they protect different parties from different construction risks. Understanding the difference can help you respond to bid requirements, avoid delays, and prepare for surety underwriting. By Stephen Ellias,…
General Contractor Insurance The Hold Harmless Trap: Why North Carolina Contractors Can Sign Away Coverage Before the Job Starts A hold harmless agreement in a construction contract can look routine, but the wrong wording may leave you fighting defense costs, tender disputes, and denied coverage after the claim starts. By Stephen Ellias Updated June 6,…