Hi everyone,
I’m trying to understand how contractor’s license bonds work, especially when it comes to claims. If a client or government agency files a claim against a contractor’s bond, what exactly happens next?
What’s the process for filing, investigating, and resolving a claim on a contractor’s license bond? And how does it affect the contractor’s license or ability to keep working?
If anyone has experience—either as a contractor or on the client side—I’d really appreciate your insights!
Thanks in advance!
Jackkyle