Most surety bonds fall under license and permit bonds. These bonds are generally required to obtain a license or permit in any city, county, or state.
License and Permit Bonds apply to many different professionals and businesses that we encounter every day as consumers.
These can vary from a mortgage broker bond to an auto dealer bond all the way to health care professionals and construction contractors.
The License Bond is used to ensure that a professional service provider is qualified to do business and will abide by whatever state law, statute, ordinance, or regulation requires. The first step in getting a license and permit bond quote is to fill out an application. CLICK HERE |
A contract surety bond is a bond that typically deals with the performance at some or all stages of a construction project. These bonds include bid bonds, performance bonds, payment bonds, maintenance bonds and subdivision bonds. Contract surety is relationship driven. The first step toward establishing a relationship and getting a contract bond is to fill out an application. CLICK HERE
Public Works Projects
Most public works project requires Bid, Performance & Payment bonds to protect the interest of public or federal funding for that project. Any federal government construction project that exceeds $100,000 is required to have a performance bond. Most Cities, School Districts or County’s require projects over $25,000 to be bonded. It will be fully outlined in the specs prior to bidding the project.
Private Commercial Projects
Most commercial Projects do not require bonding however if a bank is involved with the construction loan then the likelihood of Performance/ Payment bonds being required substantially increases. Chances are a project owner has told you that you need a surety bond to be a contractor on their project. You should familiarize yourself with the types of bonds required & the process of obtaining them before you enter into a contract. |
A subdivision bond guarantees that builders, developers, and individual landowners complete improvements made to a subdivision property.
This bond, required by local authorities, usually guarantees that the improvements will be made at the expense of the developer and principal of the bond.
These bonds are non cancellable & will renew until the bonds are released by the Obligee on the bonds. To get started with your subdivision bond fill out an application. CLICK HERE |
Court and Probate Bonds are commonly used as a financial guaranty to the court in a variety of proceedings.
Court bonds guarantee that parties are protected from financial loss stemming from a court proceeding. Two other types of court bonds include guardianship bonds and appeal bonds. Appeal bonds typically require 100% collateral and are required by the court prior to any appeal. A guardianship bond, also called a custodian bond, guarantees that the legal guardian of a minor or handicapped.
A probate bond is used to protect the deceased and beneficiaries from fraud or embezzlement of the estate or assets. These bonds are often referred to as estate or executor bonds.
To get started with your court or probate bond fill out an application. CLICK HERE |
There's a whole world of bonds that don't fall into the traditional categories of contract, court, or license and permit bonds.
Some miscellaneous bonds are legally mandatory while others may be more for private agreements between businesses and consumers.
Any bond that doesn't fit into one of the categories above will be categorized as a miscellaneous bond. If you do not see your bond listed anywhere, contact a surety specialist to find out if we can help you.
Popular miscellaneous bonds include ARC bonds for travel agents and utility bonds, which guarantee payment of utility bills.
Get started on your surety bond now and get a miscellaneous bond application. CLICK HERE |
In today’s litigious society, even small mishaps can result in large lawsuits. Liability insurance protects the assets of a business when it is sued for something it did (or didn’t do) to cause an injury or property damage. We have a large selection of carries from A Rated Admitted to Risk Retention Groups. We will work with you to obtain a policy that fits your business at the best price. To get started with a No Risk General Liability Insurance quote fill out an application.
CLICK HERE |
If an employer has even one employee they are required by California law to have workers’ compensation insurance. Roofers may need workers’ compensation even if they have no employees. Out of state employers also have to carry compensation insurance if an employee is employed in California on a regular basis or a contract of employment takes place in California. We have a large selection of carriers that can offer competitive prices, pay as you go or certificate only policies.
To get started with a No Risk Workers Compensation quote fill out an application.
CLICK HERE |
Commercial Auto Insurance is one of the most important aspects of your business Insurance Plan. Whether you have one vehicle or a fleet we can assist you with obtaining coverage. To get started with a No Risk Commercial Auto quote fill out an application. CLICK HERE |
