Insurance & Bonding
On December 5, Bill 142 passed third reading in the Ontario Legislature. The Bill requires that all public work in the province be protected by bonds.
What is professional liability insurance and what it covers are common questions by many within the construction, design and engineering communities. Construction professionals such as
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It is often said that construction contracts are all about allocation of risk, and the same can be said about contracts for engineering services.
Surety bonds are a valuable tool in mitigating and managing the risk inherent in construction projects.