News & Insights
- Jacquelyn Klima presented "Overcoming the Spouse's Defenses to the Indemnity Agreement" at the DRI Fidelity and Surety Roundtable in Chicago, Illinois
- Michael D. Carroll presents "What Happens When Things Go Wrong: Surety Bond and Subguard Issues" in Birmingham, Michigan
Kerr Russell’s recognized strength in surety law is based on 50 years of experience with a broad range of bonds and issuers, as well as our deep background in construction and insurance law. Moreover, the nature of our firm’s practice equips us to handle any surety matters that may arise in the context of banking, bankruptcy, workouts, construction, employment, secured transactions, environmental matters, securities, tax, workers’ compensation, commercial litigation, collections, and professional liability. Additionally, many members of our surety legal team are Certified Public Accountants as well as attorneys, with considerable depth of experience in corporate law and finance.
Our surety lawyers handle pre-default investigations and issues related to contractor defaults, validity of bonds, notices of default, scope of contract, overpayments, project completion, financing arrangements, indemnification, and subrogation and recovery. We are well-versed in matters arising under the federal Miller Act, as well as in all pertinent local and state laws governing public works for state departments of transportation and development.
We counsel and represent sureties in negotiations, mediations, and arbitrations, as well as in local, state and federal courts, including bankruptcy court. When guaranteed transactions fail, our attorneys strive to achieve resolution using alternative dispute resolution (“ADR”) techniques, rather than pursue expensive and time-consuming litigation. Our litigation experience is extensive, and should litigation become necessary or advisable, we are well prepared to defend our clients’ interests in court, and to assist them at all stages of the litigation and appeals process in order to maximize recoveries.
The variety of bonds we handle on behalf of issuers of contract, commercial and financial institution surety bonds includes:
- Appeals bonds
- Auto dealer policies
- Construction bid, performance and payment bonds
- Custodian bonds
- Custom bonds
- License and permit bonds
- Lost instrument bonds
- Mechanics’ lien discharge bonds
- Probate bonds
- State, municipal and other public entity bonds
- Subdivision bonds
- Warehouse bonds
- Worker’s compensation bonds
- Indemnity agreements
- Public officials bonds
- Reclamation bonds