The Lawley Construction Insurance & Bonds team includes 25 construction industry specialists with hundreds of years of combined experience in delivering customized property, casualty, surety bonds and employee benefits programs for contractors, project owners and developers across the country. The Lawley Surety Bonds team is here to help you lower costs, prevent claims and provide you with effective, comprehensive coverage. Learn more about our construction insurance team here.

  • Lawley has one of the largest, most experienced construction bonds and surety teams across New York State, representing virtually all of the regional and national surety companies.
  • Our experienced Risk Management and Loss Prevention teams will develop and implement programs to help reduce your New York State workers comp claims and protect your bottom line.

Frequently Asked Questions

Q: Is a Construction Bond anything like insurance?

A: A bond is NOT insurance. Insurance is a 2-party obligation between the insured party and the insurance company. Insurance assumes risk determined by a “risk factor” or class of business. A surety bond, although issued often by a division of a large insurance company, is a three-party obligation between the Contractor, Surety company and Obligee (the entity requiring the bond such as the city or state) and is underwritten with zero risk factor and determined on an individual basis rather than a pool. Basically, the surety is “guaranteeing” that the contractor requesting the bond on behalf of the oblige will perform the job and pay all parties involved.

Q: Can Small, Minority or Women-Owned Businesses benefit from a Surety Bond?

A: ALL Contractors can benefit from obtaining a bonding line. This shows the oblige or potential client that they have been thoroughly evaluated and have the ability to post a bond to protect the owners project. This often gives small contractors the advantage they need to compete against larger contractors.

Q: What is indemnity under a surety bond?

A: The indemnity agreement is the legal document that fully discloses the Principal’s obligations in a surety relationship, which allows the Surety the right to recover any losses paid out on behalf of a Principal. Under the bond, the Principal is the primary responsible party and must agree to reimburse the Surety for any claims or expenses they incurred because the Principal has not lived up to their agreement.

Recent Construction Insurance and Bonds News

 

Key Members of the Team

Chris Ross CPA Principal

As principal of Lawley, Chris oversees the construction insurance and surety bond practice group, manages mergers & acquisitions and all branch activities, including the employee benefits division.

cross@lawleyinsurance.com | 716.849.8650

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Brad Hall Partner

Brad is a partner in the Lawley Construction Insurance & Bonds practice group, the division dedicated to construction and developer insurance wrap-ups and surety bonding. He is responsible for building our construction practice group throughout our branch offices. Brad personally services our largest construction clients and leads our team of 24 experienced professionals.

bhall@lawleyinsurance.com | 716.849.8696

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Tim Toole Director of Surety

As director of surety, Tim specializes in construction insurance,
construction bonds, and surety bonds financial analysis.

ttoole@lawleyinsurance.com | 716.849.1523

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Steve Paris Partner

As a partner of Lawley, Steve specializes in construction insurance, risk management,
workers’ compensation, and business development.

sparis@lawleyinsurance.com | 516.597.3902

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