Did you know that the Indian construction sector expects growth with a CAGR of 8.8% between 2025 and 2029? As infrastructure booms, the risk of project failure rises as well. This is where surety bond insurance becomes vital in the Indian market. It acts as a financial guarantee, ensuring that projects reach completion even if a contractor faces hurdles. For small businesses, this insurance provides a robust safety net against market volatility and operational risks. Let us get to know how exactly surety bond insurance works in construction projects. What are the Parties Involved in Surety Bond Insurance? Unlike standard…
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