May

    Top 10 Mistakes When Making Performance and Payment Bond Claims

    1 AM GMT

    Speakers:

    Robert Dietz
    Briglia McLaughlin, PLLC

    Michael Cronin
    SureTec Insurance Company

    Shane Mecham
    Levy Craig Law Firm


    Whether making claims against performance and payment bonds, many claimants
    (and sometimes their counsel) do not appreciate that the actions they take, or fail to take, may jeopardize their ability to invoke the bonds.  This program discusses the top 10 mistakes claimants and their counsel make when attempting to assert or preserve a claim against a performance or payment bond, and the steps to take in order to avoid them.

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    When making claims against performance and payment bonds, many claimants (and sometimes their counsel) do not appreciate that the actions they take, or fail to take, may jeopardize their ability to invoke the bonds.  This program discusses the top 10 mistakes claimants and their counsel make when attempting to assert or preserve a claim against a performance or payment bond, and the steps to take in order to avoid them.  These mistakes include:

    • Taking certain actions that can actually discharge the performance bond surety, in whole or in part
    • Using the wrong statute of limitations for filing a payment bond suit, particularly when the bond form and applicable statute conflict
    • Believing a performance bond surety can take over for a defaulting contractor in a matter of days
    • Not appreciating what types of damages a performance or payment bond actually covers

    Event Details

    Format

    Web

    Date

    May 26, 2016

    2016-05-26T01:00:00 2016-05-26T14:30:00 Top 10 Mistakes When Making Performance and Payment Bond Claims

    Speakers:

    Robert Dietz
    Briglia McLaughlin, PLLC

    Michael Cronin
    SureTec Insurance Company

    Shane Mecham
    Levy Craig Law Firm


    Whether making claims against performance and payment bonds, many claimants
    (and sometimes their counsel) do not appreciate that the actions they take, or fail to take, may jeopardize their ability to invoke the bonds.  This program discusses the top 10 mistakes claimants and their counsel make when attempting to assert or preserve a claim against a performance or payment bond, and the steps to take in order to avoid them.

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