Surety Bonds

No. Fidelity is crime coverage for employee theft, which we handle separately.

A bid bond backs your bid, a performance bond backs your completion of the work, and a payment bond backs payment to subs and suppliers.

No. It guarantees your obligation to the obligee. If the surety pays a claim, you are expected to repay it.

Licensed contractors generally need a contractor license bond filed with the CSLB. The state sets the required amount, which can change.

Yes, surety bonds typically have a set term and need to be renewed upon expiration. The term length can vary depending on the type of bond and the requirements ...

Yes, it is possible to get a surety bond with bad credit, though it may come with higher premiums. Many surety companies offer programs specifically designed for businesses with ...

If a claim is made against your surety bond, the surety company will investigate the claim to determine its validity. If the claim is found to be valid, the ...

The time frame to obtain a surety bond can vary based on the type of bond and the complexity of your business operations. Typically, it can take anywhere from ...

Surety Bonds Insurance does not cover direct business losses, damages to property, or liability claims. For instance, if your business suffers from property damage, you would need a property ...