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.

Looking to establish, or expand, your business surety credit?

The inability to provide a CPA-prepared financial statement can keep contractors from qualifying for needed bonding to secure projects.

We work with surety bond carriers with Total Net Worth Program’s that can qualify experienced contractors for expanded capacity based on a combination of personal and business net worth - bypassing the need for a CPA-prepared financial statement.

Contact us today to establish or expand your business surety credit with a trusted licensed insurance advisor, or click on the “Apply Now” link below to begin the application process.

Frequently Asked Questions

  • The cost for a surety bond ranges between 1% and 15% of the bond amount.

  • The factors that impact the cost of a surety bond are the Bond Amount, Bond Type, Credit Score, Professional Experience, Assets & Liquidity, and Business Financials.

  • 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.

  • 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

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