A Payment Bond guaranteeing that a contractor will pay fees owed for labor and materials necessary for the construction of a project. If these fees are not paid, an owner who has paid the contractor might be confronted with subcontractor’s or worker’s liens filed against the completed project. If this happens, the owner could end up paying many times the value of the work done.
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September is Life Insurance Awareness Month.
It’s the perfect time to remind ourselves to plan ahead for the ones we love.