Failure to inform of a claim against a bond in a timely matter can negate the chance of collecting money that is due

Question

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If a claim against a bond is not reported in a timely manner, the bond issuer may argue that they were not given the opportunity to investigate and mitigate the loss, potentially resulting in a denial of the claim. It is important to report any claims as soon as possible to ensure the best chance of collecting money that is due.

Failure to Inform of a Claim Against a Bond in a Timely