Sureties face significant financial risk from defaults by contractors and other obligors.
The Fidelity and Surety Practice Group at Clausen Miller is devoted exclusively to fidelity, financial institution, surety, and director and officer liability law. For over twenty-five years, Clausen Miller attorneys have investigated, negotiated and litigated claims and losses under all types of surety bonds, fidelity and financial institution bonds and crime coverages, throughout the U.S. and internationally. Our attorneys participate actively in fidelity and surety organizations, such as the Fidelity and Surety Law Committee of the American Bar Association, the International Association of Defense Counsel and the Federation of Insurance Defense Counsel. Clausen Miller arranged for completion through a combination of buy-outs, relets and financing of the contractor and successfully pursued claims against owners on projects around the country. We assist in bid bond disputes and other preconstruction matters, including the review and analysis of contracts.