Surety Insurance

GPTKB entity

Properties (51)
Predicate Object
gptkbp:instanceOf Insurance
gptkbp:awardedBy Insurance brokers
gptkbp:basedOn Creditworthiness of the principal
gptkbp:can_be Legal fees
gptkbp:cancellationReason Surety company
gptkbp:contractUntil Principal,_Obligee,_and_Surety
gptkbp:controls Financial loss
gptkbp:ensures Contractual obligations
gptkbp:financials Risk transfer
Obligee
gptkbp:has_a Insurance policies
https://www.w3.org/2000/01/rdf-schema#label Surety Insurance
gptkbp:includes Principal
Surety
Obligee
gptkbp:involves Three parties
gptkbp:is_a Risk management
Bond
Credit enhancement
Financial guarantee
Suretyship
gptkbp:is_a_route_for Construction contracts
Public contracts
Certain licenses
Bidding on projects
gptkbp:is_a_time_for Risk mitigation
gptkbp:is_a_tool_for Compliance
gptkbp:is_designed_to Obligee's_interests
gptkbp:is_essential_for Risk assessment
Business operations
gptkbp:is_evaluated_by Financial stability
Experience of the principal
Project size
gptkbp:is_featured_in A guarantee of performance
Traditional insurance
gptkbp:is_governed_by State insurance departments
gptkbp:is_used_in Construction industry
Contractors
Construction projects
Public works projects
Large projects
License and permit bonds
Contract performance
Payment guarantees
Non-performance
gptkbp:previousName Surety bond
gptkbp:products Businesses
gptkbp:provides Financial guarantee
gptkbp:requires Government agencies
Real estate transactions
gptkbp:treaty Three parties