Luxury Connect
Meet the Luxury Leaders | October 19-20 | Beverly Hills

From delays to bankruptcy, any number of contingencies can throw a wrench in construction projects.That's why the government and many commercial property owners often require construction companies to buy a guarantee that covers their completion. Homeowners, however, have never enjoyed access to that sort of insurance, forcing them to bite the bullet if their remodeling contractor mucks up a job.Enter Bolster.The online remodeling marketplace sells what it claims is the first guarantee to cover home remodeling projects on time and at an agreed-upon price.“It eliminates all of the financial risk associated with remodeling a home,” said CEO Fraser Patterson.The company, which has raised $2.3 million so far, doesn’t just sell the guarantee. Similar to Sweeten, it al...