Like mechanic’s liens, payment bond rights are powerful but fleeting. Care must be taken to preserve payment bond rights and effectively assert claims. Unlike other areas of our practice, payment bond claims rely heavily on pre-suit correspondence.
Sureties (like any insurance company) are not eager to pay claims. Whenever a surety is required to respond to one or more payment bond claims, the company immediately acts in a defensive manner, employing skilled, experienced counsel in an effort to deny or reduce a claim. Our experienced practitioners have acted as surety counsel and understand the great care with which payment bonds must be handled, and how the initial presentation of a claim can mean the difference between payment within weeks, or after years of protracted litigation. Cognizant of these extremes, we work closely with clients to prepare and complete convincing bond claim packages that improve the likelihood of early resolution and payment.