Surety Bonds
New to surety bonds? Don’t worry! Whether you need help with applying for the first time, or have occasional or recurring bonding needs, we’ve got you covered.
Our licensed insurance advisors are knowledgable and experienced to help you secure the bond you need for your next project.
Browse the menu of surety bond options we can help you with, and click the ‘Book Consultation’ link below to connect with one of our advisors.
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Guarantee a project bid and accuracy.
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Guarantee subcontractors, laborers, and material suppliers are paid according to terms of a contract.
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Guarantee project completion according to contract terms, conditions, and specifications.
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Safeguard your business against financial loses caused by dishonest acts of employees.
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Protect employees from unpaid wages, interest, and benefits.
Frequently Asked Questions
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The cost for a surety bond ranges between 1% and 15% of the bond amount. It is calculated based on the bond amount, personal credit score, and assets.
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The underwriting requirements to be considered for a surety bond depend on the surety company. In most cases, items can include but are not limited to a Professional Resume, CPA-prepared financial statement, Bank Statements, and Project Contracts.
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The primary difference between a surety bond and an insurance policy is that insurance will pay for losses in a claim, whereas a bonding company will guarantee your obligations are fulfilled.
For example, If you have an insurance claim, and your insurance carrier pays for a loss, the insurance carrier will not seek reimbursement.
On the other hand, If you cannot fulfill a contractual obligation and your bonding company pays out, you will have to pay them back - think of it as a loan.
100 W Broadway Suite 3000
Long Beach, CA 90802
Hours
Monday – Friday
8am – 6pm
Phone
(562) 548-2146
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CA Agency License # 6000956