According to Artemis, catastrophe bonds and other insurance-linked securities issuance in California hit a new annual high of $20.3 billion in 2021, up from $16.4 billion in 2020. Thus, getting bonds insurance in California has become a custom by small businesses and large enterprises. Now, you might ask, "What do bonds insurance cover?"
By purchasing bond insurance, a bond issuer can ensure that, in the case of default, the principal and interest payments will be made to bondholders. Bond issuers will purchase this form of insurance to improve their credit rating, lowering the interest they must pay and making the bonds more appealing to potential investors.
Bond insurance can cover the financial losses described above. When someone you work with behaves irresponsibly, you won't pay the ultimate price by losing your income or business.
Bonds ensure professionalism and peace of mind for many types of businesses. Below are the different bond types to suit a wide range of business situations.
License and Permit Bonds
The cost of a California contractor's bond varies and is determined by several criteria, including the applicant's credit score. Average annualized rates for well-qualified applicants might start at under $100. You may get a free customized quotation in minutes with just a few basic pieces of information.
Here are the top three bonds insurers in California:
ContractorBonds.org offers quick and simple bonding services all around California. We specialize in license bonds, but we also offer competitive bid and performance, Qualifying Individual, Roofing License, and Swimming Pool Bonds. Request a free quote at (888) 770-5834 for more information.
With offices from California to Texas, Bond Services Of California provide comprehensive surety bond and undertaking services across the U.S., focusing on speedy quotations, processing, and filing.
In the bonding industry, we have over 45 years of expertise. Thanks to our strong ties with clients, attorneys, firms, and courts, we can provide one-stop services for surety bonds of all types. Visit this page to talk to a professional.
Surety First makes it a purpose to provide the greatest quality products and customer service in the industry, with the ultimate objective of assisting California contractor partners in developing stronger, more lucrative businesses through effective risk management.
Surety First offers several benefits, including a 100% money-back guarantee, competitive and highly rated contractor's bonding, insurance programs, and electronically filed licensed bonds.
No matter how big or small your company is, Surety First has the skills and resources to help you achieve your business goals. For more information and a quote, call 1-800-682-1552.
Bonds insurance in California is competitive in small businesses and large enterprises alike, but finding the right bonds insurer can make a difference. To learn more about general liability insurance or commercial trucking insurance for your business, read through our blogs at Assured Standard and grasp what smart long-term business solutions could look like for you.